Real estate industry wants left out of new Anti Money Laundering Levy

Barfoot & Thompson's Peter Thompson has made his case to MPs. (Image: Supplied)

Mon, 15 Sep 2025

New Zealand real estate agencies warn that a proposed anti-money laundering levy will pile more costs onto the millions they already spend on compliance, and they say the price of the levy will ultimately be paid by the consumer.Major players, including Barfoot & Thompson and the Real Estate Institute of NZ (REINZ), told MPs at the economic, development, science and Innovation select committee on Sept 11 that their sector should be carved out of a new proposed cost-recovery model. They argued costs were already heavy in their sector, c...

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