Class action against ANZ NZ over disclosure breaches to continue

Proposed law changes unfair: ANZ NZ. (Image: Getty)

Mon, 20 Oct 2025

A multi-million-dollar class action against ANZ New Zealand over historic disclosure obligations will continue as draft laws out Monday fell short of ending the long-running litigation.The Finance & Expenditure Select Committee agreed that ongoing court cases be exempted from a retrospective element of the Credit Contracts and Consumer Finance Amendment Bill.This decision came after ASB earlier this month settled its part in the four-year class action for $135.6 million, without conceding liability or wrongdoing.ANZ NZ chief executive Anton...

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