Part 2
Repayment obligations of borrowers
New Zealand-based borrowers' repayment obligations for salary or wages:
Further means of recovering amounts that remain unpaid
52Recovery of assessed amounts
The Commissioner must, as soon as practicable after making an assessment under section 51, notify the borrower in writing—
- that an assessment of the borrower has been carried out; and
- of the amount, if any, that must be paid by the borrower; and
- of the date by which that payment must be made, which must be at least 30 days after the date of the assessment; and
- that if that amount is not paid by the specified date, then it may be subject to late payment interest (see section 139(1)).
The amount specified in accordance with subsection (1)(b) must be no greater than the amount the Commissioner considers the borrower should or would have paid under this subpart for the period in question.