Student Loan Scheme Act 1992

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Reprint as at 8 December 2009

Student Loan Scheme Act 1992

Public Act1992 No 141
Date of assent21 December 1992


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 in the Inland Revenue Department.



Transfer of loan balances

Objections before transfer of loan balance to Commissioner

Returns and assessments

Repayment deductions from salary and wages

Interim repayments

Terminal repayments

Notification requirements

Full interest write-off for borrowers present in New Zealand or granted an exemption

Full interest write-off for certain students


Base interest write-off


Interest reduction


Other provisions relating to interest

Penalties for late payment

Amnesty from payment of late payment penalties



Date on which payments due

Dates on which payments deemed to be received and credited



Miscellaneous provisions

Fresh start for certain non-resident borrowers

New amnesty

Repayment holiday entitlements for borrowers who are overseas based on 1 April 2007

Application of Tax Administration Act 1994

Taxation (Depreciation, Payment Dates Alignment, FBT, and Miscellaneous Provisions) Act 2006

Taxation (Consequential Rate Alignment and Remedial Matters) Act 2009

Reprint notes

An Act to provide for the assessment and collection of loan repayments under the Crown's student loan scheme and to otherwise facilitate the administration of that scheme

Be it enacted by the Parliament of New Zealand as follows: