Repayment obligations of borrowers - New Zealand-based borrowers' repayment obligations for other income - Reduction of deduction rate for borrower with lower repayment obligation
102: Special deduction rate certificate for lower repayment obligation
You could also call this:
“You can't get a special rate to pay less on your student loan anymore”
The law used to have a section about getting a special deduction rate certificate if you had a lower repayment obligation for your student loan. This section was called ‘Special deduction rate certificate for lower repayment obligation’. However, this part of the law doesn’t exist anymore. It was removed on 12 April 2012, but the change was backdated to apply from 1 April 2012. This means that you can no longer get this special certificate.
103: Issue and application of special deduction rate certificate, or
"How the law used to let you change how much was taken from your pay for your student loan"
Part 2
Repayment obligations of borrowers
New Zealand-based borrowers' repayment obligations for other income:
Reduction of deduction rate for borrower with lower repayment obligation
102Special deduction rate certificate for lower repayment obligation (Repealed)
Notes
Section 102: repealed (with effect on 1 April 2012), on , by section 29 of the Student Loan Scheme Amendment Act 2012 (2012 No 32).
