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Student Loan Scheme Act 2011

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

92: Payment of other income repayment obligations

You could also call this:

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

This part of the law about paying back student loans has been removed. It used to talk about how to pay back money you owe from income that’s not from your regular job. But since April 1, 2012, this rule doesn’t apply anymore. The government took it out of the law on March 29, 2013. This change affects how student loans are handled from the 2012-2013 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=DLM3180209.

Topics:
Education and learning > Higher education Money and consumer rights > Banking and loans
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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"

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93: Calculation of remaining repayments for tax year, or

"How to figure out leftover student loan payments for the year (old rule, no longer used)"

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

92Payment of other income repayment obligations (Repealed)

    Notes
    • Section 92: repealed (with effect on 1 April 2012 and applying for 2012–13 and later tax years), on , by section 14 of the Student Loan Scheme Amendment Act 2013 (2013 No 10).