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Student Loan Scheme Act 2011

Repayment obligations of borrowers - Repayment obligations for New Zealand-based borrowers with income other than, or as well as, salary or wages

76A: Commissioner must assess borrowers to whom section 72(b) applies as having zero repayment obligation

You could also call this:

“No repayment needed if you meet special conditions”

If you’re a borrower who meets certain conditions described in section 72(b), the Commissioner will decide that you don’t have to repay any money for that tax year. The Commissioner will do this if they are sure that you fit the criteria mentioned in that section. This rule applies to the end-of-year repayment amount, which will be set to zero.

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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=DLM5120517.

Topics:
Education and learning > Higher education Money and consumer rights > Banking and loans
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77: Calculation of borrower's end-of-year repayment obligation if salary or wages less than annual repayment threshold, or

"How to work out your student loan repayment when you earn less than a set amount"

Part 2 Repayment obligations of borrowers
Repayment obligations for New Zealand-based borrowers with income other than, or as well as, salary or wages

76ACommissioner must assess borrowers to whom section 72(b) applies as having zero repayment obligation

  1. If the Commissioner is satisfied that a borrower meets the criteria in section 72(b), the Commissioner must assess the borrower as having a zero end-of-year repayment obligation for that tax year.

Notes
  • Section 76A: inserted (with effect on 1 April 2012 and applying for 2012–13 and later tax years), on , by section 14 of the Student Loan Scheme Amendment Act 2013 (2013 No 10).