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Student Loan Scheme Act 2011

Preliminary matters, loan advances, and New Zealand-based and overseas-based borrowers - Establishment of student loan

16A: Loan manager must notify Commissioner of any details held about borrower’s contact person

You could also call this:

“Loan company tells tax office about your helper's details”

When you tell the loan manager about your contact person, the loan manager has to share this information with the Commissioner. The details they need to share include the person’s name, postal address, phone number, and email address. They might also need to share other details if the rules say so.

The loan manager and the Commissioner have to agree on how often they’ll share this information, what form it should be in, and how they’ll send it to each other. They need to write this agreement down.

Even though there’s a rule in section 211 about how to share information, the loan manager and Commissioner can decide their own way of doing it for this specific task.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4967000.

Topics:
Education and learning > Higher education Money and consumer rights > Banking and loans
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"Loan company tells tax office about student borrowers"

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Part 1 Preliminary matters, loan advances, and New Zealand-based and overseas-based borrowers
Establishment of student loan

16ALoan manager must notify Commissioner of any details held about borrower’s contact person

  1. In any case where a borrower has advised the loan manager of the details of the borrower's contact person, the loan manager must notify the Commissioner of the following details, to the extent that they are available:

  2. the name of the individual:
    1. a postal address for the individual:
      1. a telephone number for the individual:
        1. an electronic address for the individual:
          1. any further information specified in regulations.

            1. The Commissioner and the loan manager may, for the purpose of this section, determine by written agreement between them—

            2. the frequency with which that notification must be supplied; and
              1. the form in which that notification must be supplied; and
                1. the method by which that notification must be supplied.

                  1. Subsection (2)(b) and (c) apply despite section 211.

                  Notes
                  • Section 16A: inserted, on , by section 7 of the Student Loan Scheme Amendment Act 2012 (2012 No 32).