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.
Date of notification in Gazette: 26 July 2012.
These regulations are administered by the Inland Revenue Department.