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Student Loan Scheme Act 2011

Repayment obligations of borrowers - New Zealand-based borrowers' repayment obligations for other income - Reduction of deduction rate for borrower with lower repayment obligation

103: Issue and application of special deduction rate certificate

You could also call this:

“How the law used to let you change how much was taken from your pay for your student loan”

The law used to have a section about issuing and using a special deduction rate certificate. This was part of the rules for reducing how much money is taken from your pay to repay your student loan. However, this section was removed from the law on 12 April 2012. It no longer applies to student loan repayments.

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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=DLM3180235.

Topics:
Education and learning > Higher education Money and consumer rights > Banking and loans
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102: Special deduction rate certificate for lower repayment obligation, or

"You can't get a special rate to pay less on your student loan anymore"

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104: Time when special deduction rate ceases to apply, or

"When the special loan payment rate ends"

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

103Issue and application of special deduction rate certificate (Repealed)

    Notes
    • Section 103: repealed (with effect on 1 April 2012), on , by section 29 of the Student Loan Scheme Amendment Act 2012 (2012 No 32).