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Student Loan Scheme Act 2011

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

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

You could also call this:

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

This part of the law used to explain how to work out how much you need to pay back on your student loan if you earn money from sources other than a job, and your job pays you less than a certain amount. However, this part of the law was removed on 29 March 2013. It no longer applies to student loans from the 2012-13 tax year onwards.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3180205.

Topics:
Education and learning > Higher education Money and consumer rights > Banking and loans
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89: Commissioner to assess borrower's other income repayment obligation, or

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

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91: Calculation of borrower's other income repayment obligation where salary or wages equal to or above threshold, or

"Old rule for calculating extra student loan payments no longer applies"

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

90Calculation of borrower's other income repayment obligation where salary or wages below threshold (Repealed)

    Notes
    • Section 90: repealed (with effect on 1 April 2012 and applying for 2012–13 and later tax years), on , by section 14 of the Student Loan Scheme Amendment Act 2013 (2013 No 10).