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

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

You could also call this:

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

Illustration for Student Loan Scheme Act 2011

When you have to make interim payments for your student loan end-of-year repayment, you need to pay them the same way you pay provisional tax. This means you have to follow the rules for provisional tax when making these payments. There's a special set of rules called Schedule 4 that you need to look at for more details about how this works. Remember, you have to do this for each tax year when you're paying off your student loan.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3180198.


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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

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

  1. Subject to Schedule 4,—

  2. interim payments for a borrower's end-of-year repayment obligation for a tax year are payable in the same manner as provisional tax; and
    1. a borrower must comply with the requirements of the provisional tax rules.
      Compare
      Notes
      • Section 86: 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).