Student Loan Scheme (Details of Borrower's Contact Person) Regulations 2012

2012/191

Coat of Arms of New Zealand

Student Loan Scheme (Details of Borrower's Contact Person) Regulations 2012

Rt Hon Dame Sian Elias, Administrator of the Government

Order in Council

At Wellington this 23rd day of July 2012

Present:
Her Excellency the Administrator of the Government in Council

Pursuant to section 215(i) of the Student Loan Scheme Act 2011 and section 11 of the Interpretation Act 1999, Her Excellency the Administrator of the Government, acting on the advice and with the consent of the Executive Council, makes the following regulations.

Regulations

1 Title
  • These regulations are the Student Loan Scheme (Details of Borrower's Contact Person) Regulations 2012.

2 Commencement
  • These regulations come into force on 1 January 2013.

3 Details about borrower's contact person
  • The following information is specified for the purpose of section 16A(1)(e) of the Student Loan Scheme Act 2011:

    • (a) the date of birth of the individual:

    • (b) the tax file number of the individual.

Rebecca Kitteridge,
Clerk of the Executive Council.


Explanatory note

This note is not part of the regulations, but is intended to indicate their general effect.

These regulations, which come into force on 1 January 2013, specify 2 additional pieces of information that a loan manager must notify to the Commissioner of Inland Revenue, to the extent that they are available, in a case where a borrower has advised the loan manager of the details of the borrower's contact person. The 2 additional pieces of information are the contact person's date of birth and the contact person's tax file number.

These regulations come into force on the same day as new section 16A of the Student Loan Scheme Act 2011 comes into force. That section provides for notification of details about borrowers' contact persons.


Issued under the authority of the Acts and Regulations Publication Act 1989.

Date of notification in Gazette: 26 July 2012.

These regulations are administered by the Inland Revenue Department.