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Student Loan Scheme Act 2011

Excess repayments - Excess repayment bonus

130: Commissioner must advise borrowers to seek financial advice

You could also call this:

“The government no longer tells borrowers to get money help”

This part of the law used to be about the Commissioner telling borrowers to get financial advice. However, it no longer applies. The government removed this rule on 1 April 2013. This means that since then, the Commissioner doesn’t have to tell borrowers to seek financial advice anymore.

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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=DLM3180285.

Topics:
Education and learning > Higher education Money and consumer rights > Banking and loans
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129: Consequences of refund or credit to next tax year, or

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

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131: Limit on use of excess repayments, or

"Small extra payments on your student loan might not be returned or used for future payments"

Part 3 Excess repayments
Excess repayment bonus

130Commissioner must advise borrowers to seek financial advice (Repealed)

    Notes
    • Section 130: repealed, on (applying for 2013–14 and later tax years), by section 7(1) of the Student Loan Scheme (Budget Measures) Amendment Act 2012 (2012 No 39).