2019/308
Patsy Reddy, Governor-General
At Wellington this 9th day of December 2019
Present:Her Excellency the Governor-General in Council
These regulations are made under section 215(a) of the Student Loan Scheme Act 2011 on the advice and with the consent of the Executive Council.
These regulations are the Student Loan Scheme (Repayment Threshold) Regulations 2019.
These regulations come into force on 1 April 2020.
The amount of the annual repayment threshold for the tax year commencing on 1 April 2020 and subsequent tax years is $20,020.
The Student Loan Scheme (Repayment Threshold) Regulations 2018 (LI 2018/272) are revoked.
Michael Webster,Clerk of the Executive Council.
These regulations, which come into force on 1 April 2020, increase the annual repayment threshold for the purposes of the Student Loan Scheme Act 2011 from $19,760 to $20,020.
These regulations also revoke the Student Loan Scheme (Repayment Threshold) Regulations 2018.
Issued under the authority of the Legislation Act 2012.
Date of notification in Gazette: 12 December 2019.
These regulations are administered by the Inland Revenue Department.