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Student Loan Scheme Act 2011

Repayment obligations of borrowers - New Zealand-based borrowers' repayment obligations for other income - Assessment of other income repayment obligation

89: Commissioner to assess borrower's other income repayment obligation

You could also call this:

“The tax office used to figure out how much you owe on your student loan, but they don't do that anymore.”

The law used to have a section that talked about how the Commissioner would figure out how much you need to pay back on your student loan based on your other income. This part of the law was called ‘Commissioner to assess borrower’s other income repayment obligation’. However, this section no longer exists. It was removed from the law on 29 March 2013, and this change affected student loans from the 2012-13 tax year onwards.

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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=DLM3180203.

Topics:
Education and learning > Higher education Money and consumer rights > Banking and loans
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88A: Meaning of adjusted net income, or

"This explains what 'adjusted net income' meant for student loans, but it's no longer used"

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90: Calculation of borrower's other income repayment obligation where salary or wages below threshold, or

"How we used to figure out loan repayments for people with low wages and other income"

Part 2 Repayment obligations of borrowers
New Zealand-based borrowers' repayment obligations for other income: Assessment of other income repayment obligation

89Commissioner to assess borrower's other income repayment obligation (Repealed)

    Notes
    • Section 89: repealed (with effect on 1 April 2012 and applying for 2012–13 and later tax years), on , by section 14 of the Student Loan Scheme Amendment Act 2013 (2013 No 10).