Student Loan Scheme (Repayment Threshold for 2023–24 Tax Year and Subsequent Tax Years) Regulations 2022
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2022/316
Student Loan Scheme (Repayment Threshold for 2023–24 Tax Year and Subsequent Tax Years) Regulations 2022
Cindy Kiro, Governor-General
Order in Council
At Wellington this 28th day of November 2022
Present:
Her Excellency the Governor-General in Council
These regulations are made under section 215(1)(a) of the Student Loan Scheme Act 2011 on the advice and with the consent of the Executive Council.
Regulations
1 Title
These regulations are the Student Loan Scheme (Repayment Threshold for 2023–24 Tax Year and Subsequent Tax Years) Regulations 2022.
2 Commencement
These regulations come into force on 1 April 2023.
3 Annual repayment threshold
The amount of the annual repayment threshold for the 2023–24 tax year commencing on 1 April 2023 and subsequent tax years is $22,828.
4 Revocation
The Student Loan Scheme (Repayment Threshold) Regulations 2021 (SL 2021/370) are revoked.
Rachel Hayward,
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 April 2023, increase the annual repayment threshold for the purposes of the Student Loan Scheme Act 2011 from $21,268 to $22,828.
These regulations also revoke the Student Loan Scheme (Repayment Threshold) Regulations 2021.
Date of notification in Gazette: 1 December 2022.
These regulations are administered by the Inland Revenue Department.
Versions
Student Loan Scheme (Repayment Threshold for 2023–24 Tax Year and Subsequent Tax Years) Regulations 2022
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