The Anti-Money Laundering and Countering Financing of Terrorism Act provides for 2 types of exemptions - regulatory exemptions and ministerial exemptions.
The Minister of Justice (MoJ) may grant a ministerial exemption from any or all provisions of the Act. Exemptions may be granted for businesses, transactions, products, services or customers and may be subject to conditions.
The MoJ is now inviting applications for ministerial exemptions under the Act.
You may be able to obtain an exemption from compliance with obligations relating to financial advice services. This includes overseas advisers.
We have regulatory powers to grant financial reporting exemptions and vary financial reporting public accountability designations. Read more.
Offers under the FMC Act
The FMC Act offer regime is simpler and more efficient than the previous Securities Act regime. However, in some cases, businesses may encounter difficulties offering financial products under the FMC Act regime. In some circumstances, exemptive relief from a regulatory or disclosure requirement may be appropriate. Read more.
How to apply
You can apply for an exemption from some specific provisions of:
Parts 2 to 7, subpart 8 of Part 8 and any of the schedules of the FMC Act and any regulations made under that Act
The Trusts Act 2019 that apply to certain FMC Act trusts relating to debt securities or managed investment schemes).
Exemption fees are set by regulations of the relevant legislation. You need to pay the application fee and an advance fee for fees and costs to be incurred as set out in the table below. We will charge any additional time spent on an hourly basis as set out in the table.
Exemption application type
Application and advance fee
Hourly rate – FMA Board members
Hourly rate – FMA staff
Financial Markets Conduct Act 2013
$1,265 (incl. $115 application fee)
Please note: all fees are inclusive of GST.
We can also recover the cost of obtaining expert assistance in relation to particular applications. Applicants must also reimburse us for the costs of notifying the exemption notice in the Gazette, where applicable.
How to pay your application fee
How to pay
Electronic deposit or internet banking
Where bill pay is available please select ‘Financial Markets Authority - Other’. Otherwise, our bank details are: