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Anti-Money Laundering and Countering Financing of Terrorism Act 2009

Institutional arrangements and miscellaneous provisions - Miscellaneous provisions - Review provision

156A: Review of operation of Act

You could also call this:

"Checking how well the Anti-Money Laundering Act is working"

Illustration for Anti-Money Laundering and Countering Financing of Terrorism Act 2009

The Minister of Justice must look at how the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 is working. You will see the Minister checking if the Act needs any changes. The Minister of Justice gets a report on this from the Ministry of Justice. The Ministry of Justice has one year to give the report to the Minister of Justice. The Minister of Justice then gives the report to the House of Representatives as soon as possible.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM7409366.

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Money and consumer rights > TaxesCrime and justice > Criminal law
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156: Consultation not required for consolidation of certain regulations and minor amendments, or

"No consultation needed for small changes to rules"

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157: Minister may grant exemptions, or

"The Minister can let you skip some rules in the Anti-Money Laundering Act"

Part 4Institutional arrangements and miscellaneous provisions
Miscellaneous provisions: Review provision

156AReview of operation of Act

  1. The Minister of Justice must, not later than 1 July 2021, refer to the Ministry of Justice for consideration the following matters:

  2. the operation of the provisions of this Act since the commencement of this section; and
    1. whether any amendments to this Act are necessary or desirable.

      1. The Ministry must report on those matters to the Minister of Justice within 1 year of the date on which the reference occurs.

      2. The Minister of Justice must present a copy of the report provided under this section to the House of Representatives as soon as practicable after receiving it.

      Notes
      • Section 156A: inserted, on , by section 62 of the Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2017 (2017 No 35).