Student Loan Scheme Act 2011

Repayment obligations of borrowers - Repayment obligations for New Zealand-based borrowers with income other than, or as well as, salary or wages

75: Extension of time for notification of Schedule 3 adjustments

You could also call this:

"You can ask for more time to tell about changes to your student loan repayments"

You can ask for more time to tell the Commissioner about changes to your student loan repayments. This is called an extension of time for notifying Schedule 3 adjustments. You need to follow the rules in section 37(3) to (5) of the Tax Administration Act 1994 when you ask for more time. These rules will be changed a bit to fit student loans:

Instead of talking about "the due date required under this section", it will mean "the due date required under section 74(2)(b)(i) of the Student Loan Scheme Act 2011".

When the rules talk about a "taxpayer", it means a "borrower" for student loans.

When the rules mention a "return" or a "return of income", it means a "notification of Schedule 3 adjustments" for student loans.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

This page was last updated on 5 April 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3180170.

Topics:

Education and learning > Higher educationMoney and consumer rights > Banking and loans

74: Notification of Schedule 3 adjustments, or

"Telling the government about changes to your income for your student loan"

76: Commissioner to assess borrower's end-of-year repayment obligation, or

"The government calculates how much you owe for your student loan each year"

Part 2Repayment obligations of borrowers
Repayment obligations for New Zealand-based borrowers with income other than, or as well as, salary or wages

75Extension of time for notification of Schedule 3 adjustments

A borrower may apply to the Commissioner for an extension of time for notifying the Commissioner of Schedule 3 adjustments under section 74 in accordance with section 37(3) to (5) of the Tax Administration Act 1994, and those subsections apply, as far as applicable and with all necessary modifications, as if—
the reference to the due date required under this section were a reference to the due date required under section 74(2)(b)(i) of the Student Loan Scheme Act 2011; and
every reference to a taxpayer were a reference to a borrower; and
every reference to a return or a return of income were a reference to a notification of Schedule 3 adjustments.

Notes

Section 75: replaced (with effect on 1 April 2012 and applying for 2012–13 and later tax years), on 29 March 2013, by section 14 of the Student Loan Scheme Amendment Act 2013 (2013 No 10).
Section 75 heading: replaced, on 14 May 2016, by section 12(1) of the Taxation (Residential Land Withholding Tax, GST on Online Services, and Student Loans) Act 2016 (2016 No 21).
Section 75: amended, on 14 May 2016, by section 12(2) of the Taxation (Residential Land Withholding Tax, GST on Online Services, and Student Loans) Act 2016 (2016 No 21).
Section 75(c): amended, on 14 May 2016, by section 12(3) of the Taxation (Residential Land Withholding Tax, GST on Online Services, and Student Loans) Act 2016 (2016 No 21).