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Student Loan Scheme Act 2011

Interest, relief, penalties and offences, rights of objection, and rights to challenge - Penalties and offences - Student loan shortfall penalties

161: Student loan shortfall penalty reduced or removed to reflect change to shortfall penalty

You could also call this:

“Your student loan penalty might get smaller or go away if the original penalty changes”

If you challenge a shortfall penalty and it gets reduced or removed, the Commissioner will also reduce or remove your student loan shortfall penalty. This applies when the original shortfall penalty was the reason for the student loan shortfall penalty. The Commissioner will adjust your student loan shortfall penalty to match the decision made about the original shortfall penalty.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3180347.

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
Penalties and offences: Student loan shortfall penalties

161Student loan shortfall penalty reduced or removed to reflect change to shortfall penalty

  1. Subsection (2) applies if—

  2. a borrower disputes or challenges a shortfall penalty; and
    1. as a result, the shortfall penalty is reduced or removed; and
      1. the shortfall penalty was the basis for the Commissioner imposing a student loan shortfall penalty on the borrower under section 159.

        1. The Commissioner must, as appropriate, reduce or remove the borrower's student loan shortfall penalty to reflect the decision that was made in relation to the shortfall penalty.

        Notes
        • Section 161(1)(a): amended, on , by section 29 of the Student Loan Scheme Amendment Act 2013 (2013 No 10).