Repayment obligations of borrowers - New Zealand-based borrowers' repayment obligations for other income - Reduction of deduction rate for borrower with lower repayment obligation
101: Borrower may apply for reduction of deduction rate to reflect lower repayment obligation
You could also call this:
“You can't ask to lower your student loan payments anymore”
This law used to be about how you could ask to lower the amount taken from your pay for your student loan. However, this part of the law no longer exists. It was removed on 12 April 2012, which means it doesn’t apply anymore. The government decided to take this rule out of the Student Loan Scheme Act 2011. If you want to know about the current rules for student loan repayments, you’ll need to look at other parts of the law that are still in effect.
102: Special deduction rate certificate for lower repayment obligation, or
"You can't get a special rate to pay less on your student loan anymore"
Part 2
Repayment obligations of borrowers
New Zealand-based borrowers' repayment obligations for other income:
Reduction of deduction rate for borrower with lower repayment obligation
101Borrower may apply for reduction of deduction rate to reflect lower repayment obligation (Repealed)
Notes
Section 101: repealed (with effect on 1 April 2012), on , by section 29 of the Student Loan Scheme Amendment Act 2012 (2012 No 32).
