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Student Loan Scheme Act 2011

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

154: Application for instalment arrangement

You could also call this:

“Asking to pay your student loan bit by bit”

You can ask to pay your student loan in instalments. This is called an instalment arrangement. You can apply for this at any time, even for amounts you haven’t paid yet or that aren’t due yet. When you apply, you need to follow the rules set out in section 177(1)(b) of the Tax Administration Act 1994.

There are other parts of the Tax Administration Act 1994 that also apply to your application and the instalment arrangement if it’s approved. These parts are sections 177(1)(b) and (3) to (5), 177A, 177B, and 177CA. When you read these sections, remember that when they talk about a ‘taxpayer’, they mean you as a borrower. And when they mention ‘tax’, they’re referring to any amount you haven’t paid on your student loan.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3180327.

Topics:
Education and learning > Higher education Money and consumer rights > Banking and loans
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Part 4 Interest, relief, penalties and offences, rights of objection, and rights to challenge
Relief: Instalment arrangements

154Application for instalment arrangement

  1. An application for entry into an instalment arrangement—

  2. may be made at any time in relation to an unpaid amount or an amount that is not yet due; and
    1. must be made in accordance with section 177(1)(b) of the Tax Administration Act 1994.

      1. Sections 177(1)(b) and (3) to (5), 177A, 177B, and 177CA of the Tax Administration Act 1994 apply to an application under subsection (1) and to an instalment arrangement granted as a result of that application, as far as applicable and with all necessary modifications, as if—

      2. every reference to a taxpayer included a borrower; and
        1. every reference to tax included an unpaid amount.

          Notes
          • Section 154(1)(a): amended, on , by section 25 of the Student Loan Scheme Amendment Act 2013 (2013 No 10).