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Student Loan Scheme Act 2011

Matters of general application and miscellaneous matters - Matters of general application

202: Provisions of Tax Administration Act 1994 and Income Tax Act 2007 to apply to this Act

You could also call this:

“Other tax laws help manage student loans”

This law says that certain parts of two other laws apply to student loans. These laws are the Tax Administration Act 1994 and the Income Tax Act 2007. When these parts are used for student loans, some words mean different things:

  • ‘Borrower’ is used instead of ‘taxpayer’ or ‘person’.
  • ‘Assessment and levy of a repayment obligation’ is used instead of ‘assessment and levy of income tax or tax’.
  • ‘Repayment obligation’ is used instead of ‘income tax’.
  • ‘Statement of adjusted net income’ is used instead of ‘return’.

These changes help make sure that the rules for taxes can also work for student loans.

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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=DLM3180411.

Topics:
Education and learning > Higher education Money and consumer rights > Banking and loans
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201: Loan advances and other information may be altered, or

"Changes can be made to your student loan information to keep it correct"

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203: This Act overrides loan contracts, or

"The law's rules come first, even if your student loan contract says something different"

Part 5 Matters of general application and miscellaneous matters
Matters of general application

202Provisions of Tax Administration Act 1994 and Income Tax Act 2007 to apply to this Act

  1. Sections 15B, 21, 24B, section 24D(a), 33, 34, 35, 36 to 39, 42 to 44, 79, 80, 92, 92A, 106 to 108, 108B to 111, 113, 114, and schedule 5, part A, clause 4 and part B, clause 1 of the Tax Administration Act 1994 and sections LC 10, RM 2, and RM 4, and paragraph (b) of the definition of basic tax rate in section YA 1 of the Income Tax Act 2007 apply, as far as applicable and with all necessary modifications, for the purposes of this Act as if—

  2. every reference to a taxpayer or a person were a reference to a borrower; and
    1. every reference to the assessment and levy of income tax or tax were a reference to the assessment and levy of a repayment obligation; and
      1. every reference to income tax were a reference to a repayment obligation; and
        1. every reference to a return were a reference to a statement of adjusted net income.

          Compare
          Notes
          • Section 202: amended, on , by section 394(a) of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).
          • Section 202: amended, on , by section 394(b) of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).
          • Section 202: amended, on , by section 26(1) of the Taxation (Residential Land Withholding Tax, GST on Online Services, and Student Loans) Act 2016 (2016 No 21).
          • Section 202: amended (with effect on 1 April 2013), on , by section 148 of the Taxation (Livestock Valuation, Assets Expenditure, and Remedial Matters) Act 2013 (2013 No 52).
          • Section 202(d): replaced, on , by section 26(2) of the Taxation (Residential Land Withholding Tax, GST on Online Services, and Student Loans) Act 2016 (2016 No 21).