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Student Loan Scheme Act 2011

Repayment obligations of borrowers

31: Repayment obligations that apply to New Zealand-based borrowers and overseas-based borrowers

You could also call this:

"Different loan repayment rules for people living in New Zealand and overseas"

If you are living in New Zealand, you need to follow the rules for paying back your student loan that are explained in two parts of the law. These parts are called subparts 1 and 2.

If you are living overseas, you need to follow different rules for paying back your student loan. These rules are explained in another part of the law called subpart 4.

There are some special cases where you might need to follow different rules:

  1. If you live in New Zealand but are not considered a resident for tax purposes
  2. If you spend part of the year living in New Zealand and part of the year living overseas
  3. If you live overseas but earn money from working in New Zealand

In these special cases, you need to follow the rules explained in subpart 5 of the law.

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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=DLM3180096.

Topics:
Education and learning > Higher educationMoney and consumer rights > Banking and loans
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30: Borrower's liability to repay consolidated loan balance, or

"You must repay the money you borrowed for your student loan"

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32: Interrelationship between subparts 1 and 2, or

"How the law applies to you based on your income sources"

Part 2Repayment obligations of borrowers

31Repayment obligations that apply to New Zealand-based borrowers and overseas-based borrowers

  1. If a borrower—

  2. is New Zealand-based, the repayment obligations in subparts 1 and 2 apply to that borrower:
    1. is overseas-based, the repayment obligations in subpart 4 apply to that borrower.

      1. Subpart 5 applies to a borrower who—

      2. is New Zealand-based but is a non-resident; or
        1. is both New Zealand-based and overseas-based during a tax year; or
          1. is overseas-based but derives salary or wages from New Zealand.

            Notes
            • Section 31(1)(a): amended (with effect on 1 April 2012 and applying for 2012–13 and later tax years), on , by section 11 of the Student Loan Scheme Amendment Act 2013 (2013 No 10).