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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

85: Commissioner's powers in relation to due dates

You could also call this:

"The Commissioner can change when you pay your student loan"

The Commissioner has the power to set the dates when you need to pay your terminal payment or interim payments for a tax year. This can happen if you ask the Commissioner to do this, or if the Commissioner thinks it's necessary or appropriate. The dates the Commissioner chooses might be different from the usual dates.

If the Commissioner sets new dates for your payments, they must tell you about it in writing as soon as they can. They will let you know that they've set new dates and what those dates are. When this happens, the amount you need to pay will be worked out based on these new dates.

The Commissioner's power to set new dates is more important than the usual rules about payment dates. This means that if the Commissioner sets new dates, those are the dates you need to follow, not the usual ones.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3180197.

Topics:
Education and learning > Higher educationMoney and consumer rights > Banking and loans
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84: Due dates for payment of interim payments, or

"When you need to pay parts of your student loan during the year"

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86: Interim payments to be paid in same manner as provisional tax, or

"Student loan interim payments follow the same rules as tax payments"

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

85Commissioner's powers in relation to due dates

  1. The Commissioner may determine the dates on or before which a borrower must pay his or her terminal payment or interim payments for a tax year if—

  2. the borrower requests the Commissioner to determine the borrower's terminal payment due date or interim payment due dates; or
    1. the Commissioner considers it necessary or appropriate in the circumstances.

      1. The dates determined by the Commissioner under subsection (1) may differ from the dates specified in section 81 or 84.

      2. If the Commissioner determines the dates on or before which a borrower must pay his or her terminal payment or interim payments for a tax year,—

      3. the Commissioner must, as soon as practicable, notify the borrower in writing—
        1. of that fact; and
          1. of the dates determined by the Commissioner; and
          2. the amount of the terminal payment or the interim payments must be calculated by reference to those dates.

            1. This section overrides sections 81 and 84.

            Compare
            Notes
            • Section 85: 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).