Part 1Preliminary matters, loan advances, and New Zealand-based and overseas-based borrowers
Determining whether borrowers are New Zealand-based or overseas-based: Borrowers must notify Commissioner of absence from and return to New Zealand
28Borrower to notify Commissioner of absence from New Zealand of 184 or more days
A borrower who intends to be, or will be, physically absent from New Zealand for a period of 184 or more consecutive days must, before leaving New Zealand, notify the Commissioner of the following matters:
- 1 of the following ways for the Commissioner to notify the borrower:
- a permanent overseas postal address; or
- a New Zealand postal address; or
- the name and New Zealand postal address of a person empowered to act for the borrower; and
- a permanent overseas postal address; or
- an electronic means of communication prescribed by the Commissioner by which the Commissioner may notify the borrower; and
- any information that the Commissioner reasonably requires in order to determine—
- the borrower's repayment obligation (if any); and
- whether the borrower is liable to pay loan interest.
- the borrower's repayment obligation (if any); and
A borrower who is physically absent from New Zealand must notify the Commissioner of the matters required by subsection (1), as well as the date on which the borrower left New Zealand, as soon as practicable after the earlier of the following:
- the borrower becomes overseas-based:
- the borrower becomes aware that he or she will be overseas-based.
See section 193C concerning the obligation on a borrower if there is a change in any of the contact details provided to the Commissioner under this section.
Compare
Notes
- Section 28(3): inserted, on , by section 10 of the Student Loan Scheme Amendment Act 2013 (2013 No 10).