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Student Loan Scheme Act 2011

Repayment obligations of borrowers - New Zealand-based borrowers' repayment obligations for salary or wages - Matters of general application to salary or wage deductions

69: Prohibition on applications or declarations to maintain integrity of student loan scheme

You could also call this:

"The government can stop you from changing your loan payments if they think you're not being fair"

The Commissioner can stop you from doing certain things if they think you're misusing the student loan scheme. You can't ask to use your unused repayment threshold for your second job, or declare that you're exempt from standard deductions. This rule applies if the Commissioner believes you're using these options in a way that hurts the student loan system. The Commissioner wants to keep the student loan scheme fair for everyone.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3180158.

Topics:
Education and learning > Higher educationMoney and consumer rights > Banking and loans
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Part 2Repayment obligations of borrowers
New Zealand-based borrowers' repayment obligations for salary or wages: Matters of general application to salary or wage deductions

69Prohibition on applications or declarations to maintain integrity of student loan scheme

  1. The Commissioner may prohibit a borrower from making an application under section 42 (application for unused repayment threshold to be allocated to secondary employment earnings) or a declaration under section 55 (declaration by eligible borrowers for exemption from standard deductions) if the Commissioner is satisfied that that borrower is using, or has used, either of those procedures in a manner that damages the integrity of the student loan scheme.