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Student Loan Scheme Act 2011

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

198: Commissioner may remedy incorrect application of Act

You could also call this:

"Fixing mistakes in how student loan rules were used for you"

The Commissioner has the power to fix mistakes in how the Student Loan Scheme Act 2011 was applied to you. This can happen in two situations. First, if the Act was used incorrectly for your case. Second, if something in your life has changed, and this means the Act should be used differently for you now.

When the Commissioner fixes these mistakes, they can undo things that were done before and do new things instead. They can also ask for new actions to be taken. This helps make sure that the Act is used correctly for your situation.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3885571.

Topics:
Education and learning > Higher educationMoney and consumer rights > Banking and loans
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197: Write-off of consolidated loan balance, or

"Your student loan can be completely wiped out if you die or owe very little"

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199: Manner of making refunds, or

"How the government gives you back extra money from your student loan"

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

198Commissioner may remedy incorrect application of Act

  1. The Commissioner may take whatever steps are necessary to reflect the manner in which this Act should have been applied to a borrower if—

  2. this Act was incorrectly applied to the borrower; or
    1. a change in the borrower's circumstances requires a change in the manner in which this Act should have applied to the borrower.

      1. The power in subsection (1) includes the power to reverse an action that was taken in relation to a borrower and take other actions, or require other actions to be taken, in its place.