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Student Loan Scheme Act 2011

Preliminary matters, loan advances, and New Zealand-based and overseas-based borrowers - Preliminary provisions

6: Application of Act

You could also call this:

"This law explains who needs to pay back student loans and when"

This law applies to you if you borrowed money for your studies before 1 April 2012, or if you ask for a student loan on or after that date. It also covers anyone who borrows under this new law.

From 1 April 2012, this law affects all student loans, no matter when you got them. It talks about paying back loans from that date onwards.

The law looks at money you earn from 1 April 2012. It also covers things you do or don't do from that date that relate to your student loan.

Some rules made under other parts of this law can change how these main rules work.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3180067.

Topics:
Education and learning > Higher educationMoney and consumer rights > Banking and loans
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"This law explains how bonded scholarships are treated like student loans if you break the rules"

Part 1Preliminary matters, loan advances, and New Zealand-based and overseas-based borrowers
Preliminary provisions

6Application of Act

  1. This Act applies—

  2. to all persons who—
    1. are borrowers under the Student Loan Scheme Act 1992 on the close of 31 March 2012; or
      1. apply for a student loan on or after 1 April 2012; or
        1. are borrowers under this Act; and
        2. to all student loans (regardless of when they were entered into) on 1 April 2012 in relation to the tax year starting on 1 April 2012 and every subsequent year; and
          1. to liabilities to repay student loans for the tax year starting on 1 April 2012 and every subsequent year; and
            1. to income derived by a borrower on or after 1 April 2012; and
              1. to actions or omissions that occur on or after 1 April 2012 in relation to a matter under this Act.

                1. However, regulations made under section 216, sections 218 to 220, and Schedules 5 and 6 override subsection (1).

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