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Student Loan Scheme Act 2011

Repayment obligations of borrowers - New Zealand-based borrowers' repayment obligations for salary or wages - Unused repayment threshold may be allocated to secondary employment earnings

46: Issue and application of special deduction rate certificate

You could also call this:

“The government can give you a special paper that changes how much money is taken from your pay”

If the Commissioner decides to give you a special deduction rate certificate, they will give you a copy of it. This certificate is important because it cancels any other special deduction rate certificates you had before. However, it doesn’t change your ability to get help if you’re having financial hardship. The rules about hardship relief still apply to you, even with this new certificate.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3180127.

Topics:
Education and learning > Higher education Money and consumer rights > Banking and loans
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45: Special deduction rate certificate for unused repayment threshold, or

"Getting a special certificate to use your leftover repayment threshold for your second job"

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47: Ongoing obligations of borrower to review and notify, or

"Keep checking and telling the government about changes to your loan and work"

Part 2 Repayment obligations of borrowers
New Zealand-based borrowers' repayment obligations for salary or wages: Unused repayment threshold may be allocated to secondary employment earnings

46Issue and application of special deduction rate certificate

  1. If the Commissioner issues a special deduction rate certificate under section 45, the Commissioner must give a copy of the certificate to the borrower.

  2. The special deduction rate certificate—

  3. revokes all other special deduction rate certificates previously issued in relation to the borrower under section 45; and
    1. does not limit the application of sections 147 to 153 (concerning hardship relief).

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      Notes
      • Section 46(2)(a): amended (with effect on 1 April 2012), on , by section 18 of the Student Loan Scheme Amendment Act 2012 (2012 No 32).