Repayment obligations of borrowers - New Zealand-based non-resident borrowers and borrowers with New Zealand-based and overseas-based repayment obligations
117: Overseas-based borrower's standard and Commissioner deductions satisfy overseas-based repayment obligation
You could also call this:
“Old rules for overseas borrowers paying back student loans no longer apply”
This part of the law is no longer in use. It was about how overseas borrowers could pay back their student loans, but it was removed from the law on 1 April 2013. This means that since then, there have been different rules for overseas borrowers to repay their student loans.
"This part explains important words, but it's no longer in the law"
Part 2
Repayment obligations of borrowers
New Zealand-based non-resident borrowers and borrowers with New Zealand-based and overseas-based repayment obligations
117Overseas-based borrower's standard and Commissioner deductions satisfy overseas-based repayment obligation (Repealed)
Notes
Section 117: repealed, on (applying for 2013–14 and later tax years), by section 56 of the Student Loan Scheme Amendment Act 2013 (2013 No 10).
