Financial Markets Conduct (Climate-related Disclosures – GMT Bond Issuer Limited) Exemption Notice 2024

The Financial Markets Conduct (Climate-related Disclosures – GMT Bond Issuer Limited) Exemption Notice 2024 (Notice) exempts GMT Bond Issuer Limited (GMT Bond Issuer) from preparing and lodging climate statements that are otherwise required under section 461Z of the Financial Markets Conduct Act 2013 (Act).

The Notice is subject to a number of conditions.  These include the requirement for GMT Bond Issuer and Goodman Property Trust (GMT) to have the same balance date, Goodman Property Services (NZ) Limited (GPS) to prepare and lodge climate statements in respect of GMT, for GMT Bond Issuer to notify the Registrar that it is relying on this exemption and include this in its annual reports and for GMT Bond Issuer to be a wholly owned subsidiary of GMT. 

The key reasons for granting the exemption (as set out in the Statement of Reasons in the Notice) are that:

• given the nature of GMT Bond Issuer, GPS and GMT, the entities together operate as a single economic enterprise under Goodman Property Group (which includes GMT and every subsidiary of GMT).
• GMT Bond Issuer's primary users would look to GMT's climate statements to obtain a full picture of the climate-related matters relating to the performance of GMT and their investments.

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