Plain language law

New Zealand law explained for everyone

Student Loan Scheme Act 2011

Excess repayments - Excess repayment bonus

129: Consequences of refund or credit to next tax year

You could also call this:

“What happens when you get extra money back from your student loan payments”

The law about what happens when you get a refund or credit to the next tax year for excess student loan repayments has been removed. This part of the Student Loan Scheme Act 2011 no longer applies. The government took it out of the law on 1 April 2013. This change affects tax years from 2013-2014 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=DLM3180284.

Topics:
Education and learning > Higher education Money and consumer rights > Banking and loans
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128: Application of sections 118 to 122 and this subpart to part years, or

"Rules about parts of a year no longer apply"

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130: Commissioner must advise borrowers to seek financial advice, or

"The government no longer tells borrowers to get money help"

Part 3 Excess repayments
Excess repayment bonus

129Consequences of refund or credit to next tax year (Repealed)

    Notes
    • Section 129: repealed, on (applying for 2013–14 and later tax years), by section 7(1) of the Student Loan Scheme (Budget Measures) Amendment Act 2012 (2012 No 39).