First exemption notice for deposit takers
This exemption is available if the consolidated liabilities of the deposit taker are less than $20 million (measured as an average over a 12-month period).
The exemption notice outlines certain conditions that a deposit taker must comply with in order to benefit from this class exemption. Please note that registered banks are not deposit takers under Part 5D of the Act.
A full copy of the notice can be found on the New Zealand Legislation website.
Details of future exemptions will be available on the Bank's website.
External Communications Adviser
04 471 3767, 021 2225225