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New Zealand law explained for everyone

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

70: PAYE rules apply to salary or wage deductions

You could also call this:

“Rules for taking money from your pay for student loans”

The PAYE rules apply to money that is taken out of your salary or wages for your student loan. These rules must be followed by you, your employer, and anyone who helps with payroll. There are some exceptions to this, which you can find in Schedule 2 of the law. You need to follow these PAYE rules as much as they apply to your situation.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3180159.

Topics:
Education and learning > Higher education Money and consumer rights > Banking and loans
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69: Prohibition on applications or declarations to maintain integrity of student loan scheme, or

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

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71: Salary or wage deductions in addition to income tax withheld, or

"Extra money taken from your pay to repay your student loan"

Part 2 Repayment obligations of borrowers
New Zealand-based borrowers' repayment obligations for salary or wages: Matters of general application to salary or wage deductions

70PAYE rules apply to salary or wage deductions

  1. Subject to Schedule 2,—

  2. the PAYE rules apply to salary or wage deductions; and
    1. every employer, PAYE intermediary, and borrower must comply with the PAYE rules to the extent to which those rules apply under this section.

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