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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

100: Consequence of failure to meet repayment obligations

You could also call this:

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

This part of the law has been removed. It used to explain what would happen if you didn’t pay back your student loan as required. However, since April 1, 2012, this rule no longer applies. The government took it out of the law on March 29, 2013. If you want to know what happens now if you don’t pay back your student loan, you’ll need to look at other parts of the current law.

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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=DLM3180231.

Topics:
Education and learning > Higher education Money and consumer rights > Banking and loans
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99: Interim payments to be paid in same manner as provisional tax, or

"Student loan payments used to be made like tax payments, but this rule changed"

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101: Borrower may apply for reduction of deduction rate to reflect lower repayment obligation, or

"You can't ask to lower your student loan payments anymore"

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

100Consequence of failure to meet repayment obligations (Repealed)

    Notes
    • Section 100: repealed (with effect on 1 April 2012 and applying for 2012–13 and later tax years), on , by section 14 of the Student Loan Scheme Amendment Act 2013 (2013 No 10).