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

81: Due date for terminal payment

You could also call this:

"When you need to pay the last bit of your student loan"

You must pay your terminal payment for your student loan by your terminal tax date. The terminal tax date is defined in section YA 1 of the Income Tax Act 2007. This date is specific to the tax year you are dealing with.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3180186.


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

81Due date for terminal payment

  1. A borrower must pay his or her terminal payment on or before the borrower's terminal tax date, as defined in section YA 1 of the Income Tax Act 2007, for the tax year.

Notes
  • Section 81: replaced (with effect on 1 April 2012 and applying for 2012–13 and later tax years), on , by section 14 of the Student Loan Scheme Amendment Act 2013 (2013 No 10).