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Student Loan Scheme Act 2011

Interest, relief, penalties and offences, rights of objection, and rights to challenge - Relief - Hardship relief

149: Issue and application of special deduction rate certificate

You could also call this:

"Getting a special document that changes how much money is taken from your pay for student loans"

If the Commissioner decides to give you a special deduction rate for your student loan repayments, they will issue a special deduction rate certificate. The Commissioner will give you a copy of this certificate.

When you get a new special deduction rate certificate, it cancels all other special deduction rate certificates you had before. This includes certificates given to you under section 45 or section 148 of the law.

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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=DLM3180321.

Topics:
Education and learning > Higher educationMoney and consumer rights > Banking and loans
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148: Special deduction rate certificate for hardship relief, or

"Getting help to pay less on your student loan when you're struggling with money"

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

"When your special student loan pay deduction stops"

Part 4Interest, relief, penalties and offences, rights of objection, and rights to challenge
Relief: Hardship relief

149Issue and application of special deduction rate certificate

  1. If the Commissioner issues a special deduction rate certificate under section 148, the Commissioner must give a copy of the certificate to the borrower.

  2. The special deduction rate certificate revokes all other special deduction rate certificates previously issued in relation to the borrower under section 45 or 148.

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Notes
  • Section 149(2): amended (with effect on 1 April 2012), on , by section 44 of the Student Loan Scheme Amendment Act 2012 (2012 No 32).