Student Loan Scheme Amendment Act (No 2) 1998

  • repealed
  • Student Loan Scheme Amendment Act (No 2) 1998: repealed, on 1 April 2012, pursuant to section 225 of the Student Loan Scheme Act 2011 (2011 No 62).

Reprint
as at 1 April 2012

Student Loan Scheme Amendment Act (No 2) 1998

Public Act1998 No 105
Date of assent7 October 1998
  • Student Loan Scheme Amendment Act (No 2) 1998: repealed, on 1 April 2012, pursuant to section 225 of the Student Loan Scheme Act 2011 (2011 No 62).


Note

Changes authorised by section 17C of the Acts and Regulations Publication Act 1989 have been made in this eprint.

A general outline of these changes is set out in the notes at the end of this eprint, together with other explanatory material about this eprint.

This Act is administered by the Inland Revenue Department.


An Act to amend the Student Loan Scheme Act 1992

BE IT ENACTED by the Parliament of New Zealand as follows:

1 Short Title
  • This Act may be cited as the Student Loan Scheme Amendment Act (No 2) 1998, and is part of the Student Loan Scheme Act 1992 (the principal Act).

2 Commissioner to assess borrower's repayment obligation
  • [Repealed]

    Section 2 was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

3 Borrowers to whom repayment deduction provisions of this Part apply
  • (1) Section 17(2)(a) and (b) are omitted.

    (2) Subsection (1) comes into force on 1 April 1999.

4 Periods in which interest write-off and interest reduction apply
  • (1) In section 41(c), assessable income. is replaced by assessable income, or has responded to an income statement or other return prescribed by the Commissioner for the purposes of this section.

    (2) Subsection (1) applies on and after 1 April 1999.

5 Excess repayments made by residents
  • (1) After section 56(1), the following is inserted:

    • (1A) Unless subsection (1)(g) applies, a refund of an amount paid in excess of a borrower's repayment obligation must be made in the manner required under section 184A of the Tax Administration Act 1994.

    (2) Subsection (1) applies to amounts paid in excess of borrowers' repayment obligations arising on and after 1 April 2000.

6 Election by non-resident to receive refund or to apply overpayment to loan balance
  • (1) After section 57(2), the following is inserted:

    • (2A) Unless subsection (4) applies, a refund of an amount paid in excess of a borrower's repayment obligation must be made in the manner required under section 184A of the Tax Administration Act 1994.

    (2) Subsection (1) applies to amounts paid in excess of borrowers' repayment obligations arising on and after 1 April 2000.


Contents

  • 1General

  • 2About this eprint

  • 3List of amendments incorporated in this eprint (most recent first)


Notes
1 General
  • This is an eprint of the Student Loan Scheme Amendment Act (No 2) 1998. The eprint incorporates all the amendments to the Act as at 1 April 2012. The list of amendments at the end of these notes specifies all the amendments incorporated into this eprint since 3 September 2007.

    Relevant provisions of any amending enactments that contain transitional, savings, or application provisions that cannot be compiled in the eprint are also included, after the principal enactment, in chronological order.

2 About this eprint
3 List of amendments incorporated in this eprint (most recent first)
  • Student Loan Scheme Act 2011 (2011 No 62): section 225