Tax Administration (Direct Credit of Refunds of Excess Financial Support and Student Loan Payments) Order 2020

  • latest version but not yet in force

2020/36

Coat of Arms of New Zealand

Tax Administration (Direct Credit of Refunds of Excess Financial Support and Student Loan Payments) Order 2020

Patsy Reddy, Governor-General

Order in Council

At Wellington this 9th day of March 2020

Present:
Her Excellency the Governor-General in Council

This order is made under section 184B of the Tax Administration Act 1994 on the advice and with the consent of the Executive Council.

Order

1 Title

This order is the Tax Administration (Direct Credit of Refunds of Excess Financial Support and Student Loan Payments) Order 2020.

2 Commencement

This order comes into force on 9 April 2020.

3 Refund by direct credit

The following may be refunded by direct credit under section 184A of the Tax Administration Act 1994 on and from 9 April 2020:

(a)

financial support deducted by employers under Part 10 of the Child Support Act 1991:

(b)

salary or wage deductions (as defined in section 4(1) of the Student Loan Scheme Act 2011).

Michael Webster,
Clerk of the Executive Council.

Explanatory note

This note is not part of the order, but is intended to indicate its general effect.

This order specifies 9 April 2020 as the date on and from which the following types of tax may be refunded by direct credit under section 184A of the Tax Administration Act 1994 to a bank account nominated by the taxpayer entitled to the refund:

  • financial support deducted by employers:

  • student loan salary or wage deductions.

Issued under the authority of the Legislation Act 2012.

Date of notification in Gazette: 12 March 2020.

This order is administered by the Inland Revenue Department.