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

87: Consequence of failure to meet repayment obligations

You could also call this:

"What happens if you don't pay back your student loan on time"

If you don't meet your repayment obligations for your student loan, you might have to pay extra money. This extra money is called late payment interest. You can find more information about this in section 139(1) of the Student Loan Scheme Act.

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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"


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88: Application of this subpart, or

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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

87Consequence of failure to meet repayment obligations

  1. A borrower may be liable to pay late payment interest if the borrower does not meet his or her repayment obligations under this subpart (see section 139(1)).

Notes
  • Section 87: 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).