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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

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

You could also call this:

“Old rule for calculating extra student loan payments no longer applies”

This part of the law is no longer in use. It used to explain how to work out how much you needed to pay back on your student loan if you had other income and your salary or wages were at or above a certain amount. However, this rule was removed on 29 March 2013. The change applies to the 2012-13 tax year and all years after that.

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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=DLM3180206.

Topics:
Education and learning > Higher education Money and consumer rights > Banking and loans
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"How we used to figure out loan repayments for people with low wages and other income"

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92: Payment of other income repayment obligations, or

"Rules for paying back student loans from extra money you earn have been removed"

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

91Calculation of borrower's other income repayment obligation where salary or wages equal to or above threshold (Repealed)

    Notes
    • Section 91: repealed (with effect on 1 April 2012 and applying for 2012–13 and later tax years), on , by section 14 of the Student Loan Scheme Amendment Act 2013 (2013 No 10).