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Exemptions granted for non-bank deposit takers

This page lists the exemptions we have granted to non-bank deposit takers from some of the requirements of the Non-bank Deposit Takers Act 2013 (the Act). It also lists revoked exemptions.

Class exemptions

Non-bank Deposit Takers (Credit Ratings Minimum Threshold) Exemption Amendment Notice 2020

Commencement date: 28 February 2020
Expiry date: 29 February 2024

This is a class exemption for certain NBDTs from the requirement to have a mandatory credit rating under the Act. It is available if an NBDT has only just started business, or the consolidated liabilities of its borrowing group are less than $40 million, measured as an average over a 12-month period.

The exemption notice outlines certain conditions, including specified capital ratio requirements, that a NBDT must comply with to benefit from this class exemption.

Read the Non-bank Deposit Takers (Credit Ratings Minimum Threshold) Exemption Amendment Notice 2020 on Legislation website

Read the Non-bank Deposit Takers (Credit Ratings Minimum Threshold) Exemption Notice 2016 on Legislation website

Deposit Takers (Credit Union Baywide) Exemption Notice (No 2) 2020 (PDF 1.39MB)

Exemption revocation notices

Download Non-bank Deposit Takers (UDC Finance Limited) Exemption Revocation Notice 2020 (PDF 420KB)

Download Non-bank Deposit Takers (Nelson Building Society) Exemption Revocation Notice 2020 (PDF420KB)

Download Non-bank Deposit Takers (Nelson Building Society) Exemption Revocation Notice 2018 (PDF 462KB)

Download Non-bank Deposit Takers (New Zealand Baptist Savings & Development Society Incorporated) Exemption Revocation Notice 2017 (PDF 518KB)

Read Non-bank Deposit Takers (Revocations and Amendments of Exemptions) Notice 2015 on legislation website

Revoked exemptions

Download Non-bank Deposit Takers (Credit Union Baywide) Exemption Notice (2020) (PDF 1.4 MB)

Download Non-bank Deposit Takers (Nelson Building Society) Exemption Notice 2018 (PDF 945 KB)

Download Non-bank Deposit Taker (New Zealand Baptist Savings & Development Society Incorporated) Exemption Notice 2015 (PDF 2.51MB)

The following revoked exemptions are available on the Legislation website:

Deposit Takers (Insurance Australia Group Limited) Exemption Notice 2012

Deposit Takers (Public Trust) Exemption Notice (No 2) 2010

Deposit Takers (Banks' Regulatory Capital) Exemption Notice 2014

Deposit Takers (Fisher & Paykel Finance Limited) Exemption Notice 2010

Deposit Takers (In Receivership or Liquidation) Exemption Notice 2009

Deposit Takers (Nelson Building Society) Exemption Notice 2011 (commencement data 22 July 2011)

Expired exemptions

The following expired exemptions are available on the Legislation website:

Deposit Takers (Charities) Exemption Notice 2014

Deposit Takers (Non-trustee Entities Risk Management) Exemption Notice 2009

Deposit Takers (Avanti Finance Limited) Exemption Notice 2011

Deposit Takers (UDC Finance Limited) Exemption Notice 2010

Deposit Takers (Funding Conduits) Exemption Notice 2010

Deposit Takers (Credit Ratings Minimum Threshold) Exemption Notice 2009

Deposit Takers (Charitable and Religious Organisations) Exemption Notice 2010

Deposit Takers (Payment Facility Providers) Exemption Notice 2009

Deposit Takers (Mortgage Backed Bonds Limited) Exemption Notice 2013

Deposit Takers (Classification of Loans Made Against More Than One Form of Security) Exemption Notice 2011

Deposit Takers (Moratorium) Exemption Notice 2009

Deposit Takers (Orange Finance Limited) Exemption Notice 2012

Deposit Takers (Client Reserve Limited) Exemption Notice 2010

Deposit Takers (Forsyth Barr Cash Management Limited) Exemption Notice 2010

Deposit Takers (Wine Country Credit Union) Exemption Notice 2010

Deposit Takers (Craigs Investment Partners Cash Management Trust Limited) Exemption Notice 2010

Deposit Takers (Public Trust) Exemption Notice 2010

Deposit Takers (Nelson Building Society) Exemption Notice 2011 (commencement date 22 July 2011)

The following expired exemptions are available on this website.

Deposit Takers (Nelson Building Society) Exemption Amendment Notice 2015 (PDF 361KB)

Non-bank Deposit Takers (Credit Union Baywide) Exemption Notice (2019) (PDF 1.4MB)

Non-bank Deposit Takers (UDC Finance Limited) Exemption Notice 2016 (commencement date 2 September 2016) (PDF 2.2MB) — License cancelled 15 January 2020 (PDF 2.2MB)