The purpose of Student Loan Scheme Act 2011, set out in Pt 1, s 3, is to:
- Ìý
•ÌýÌýÌýÌý provide for the effective administration of student loans
- Ìý
•ÌýÌýÌýÌý provide for the collection of student loan repayments
- Ìý
•ÌýÌýÌýÌý provide transparency about student loans so that borrowers understand their obligations for those loans
- Ìý
•ÌýÌýÌýÌý encourage borrowers to repay their student loans at the earliest possible time
Where individuals have an outstanding student loan, they are expected to indicate this when they self-declare their relevant tax code on Form IR330. For those in primary employment, the tax code should be notified as:
- Ìý
•ÌýÌýÌýÌý M SL – where they are not tax-resident in New Zealand, their annual income is not expected to be between NZD 24,000 and NZD 48,000 or they (or their partner) are in receipt of working
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 14:55