ANZ NZ bound for court as select committee carves out active litigation

Antonia Watson is looking forward to the matter being resolved by a court. (Image: NZME)

Tue, 21 Oct 2025

ANZ New Zealand is bound for court after lawmakers carved out a multimillion-dollar, class-action lawsuit from a piece of retrospective legislation centred on consumer finance.The latest twist in the legal saga comes after ANZ NZ in July refused a $300 million settlement offer, while this month ASB settled at $135.6m without admission of either liability or wrongdoing.The finance and expenditure select committee on Monday agreed that ongoing court cases should be excluded from a retrospective part of the Credit Contracts and Consumer Finan...

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