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
29Borrower to notify Commissioner of return to New Zealand of more than 183 days
An overseas-based borrower who is physically in New Zealand must comply with subsection (2) as soon as practicable after the earlier of the following:
- the borrower becomes New Zealand-based:
- the borrower becomes aware that he or she will be New Zealand-based.
The borrower must notify the Commissioner of—
- the date on which the borrower returned to New Zealand; and
- any other information that the Commissioner may reasonably require in order to establish whether the borrower is New Zealand-based.