Part 2Repayment obligations of borrowers
New Zealand-based borrowers' repayment obligations for salary or wages: Exemption from standard deductions for borrowers who are full-time students
56Notice from Commissioner
Upon receiving a declaration that complies with section 55 from a borrower, the Commissioner must—
- grant the borrower an exemption from standard deductions; and
- issue a notice to the borrower that—
- states that an exemption from standard deductions has been granted to the borrower; and
- specifies the exemption period to which the exemption applies; and
- summarises the effect of section 57.
- states that an exemption from standard deductions has been granted to the borrower; and