If the Commissioner decides to give you hardship relief under section 147, there are some important things you need to know about the money involved:
The amount that the Commissioner gives back to you or doesn't collect from you is still part of your student loan. It's not taken off your loan balance. This means you still owe this money.
Even though the Commissioner isn't asking for this money right now, it's not considered an unpaid amount. This is because the Commissioner has decided not to collect it for now due to your hardship situation.
Remember, this decision doesn't mean the money is gone forever. It's just that you don't have to pay it right now because of your current circumstances.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3180323.
An amount that, as a result of a decision under section 147, the Commissioner refunds to, or does not collect from, a borrower—
