New Zealand Acts

STUDENT LOAN SCHEME ACT 2011 - SECT 108A

108A Borrowers who have had, or are having, temporary repayment suspensions under Student Loan Scheme Act 1992

1 A New Zealand-based borrower who has had 1 or more temporary repayment suspensions under Part 3 of the Student Loan Scheme Act 1992, but who has not reached the borrower's limit (within the meaning of section 107B(3) ), must apply under section 107 if he or she wishes to have a temporary repayment suspension under this Act.

2 An overseas-based borrower who, as at 31 March 2012, has a temporary repayment suspension under Part 3 of the Student Loan Scheme Act 1992 that, but for the repeal of that Act, would have continued under that Act continues to have a temporary repayment suspension under this Act, but for no longer than the lesser of—

a) 365 days; and

b) the remainder of the period of the temporary repayment suspension to which the borrower would have been entitled under Part 3 of the Student Loan Scheme Act 1992 if that Act had not been repealed.

3 The repayment obligation of a borrower to whom subsection (2) applies must be calculated in accordance with sections 110 and 111 if the borrower is, at any time, overseas-based after his or her temporary repayment suspension has ended in accordance with that subsection.

History: Section 108A: inserted (with effect on 1 April 2012), on 12 April 2012, by section 30 of the Student Loan Scheme Amendment Act 2012 (2012 No 32).   Section 108A heading: amended, on 1 April 2020, by section 64(1) of the Taxation (KiwiSaver, Student Loans, and Remedial Matters) Act 2020 (2020 No 5).     Section 108A(1): amended, on 1 April 2020, by section 64(2) of the Taxation (KiwiSaver, Student Loans, and Remedial Matters) Act 2020 (2020 No 5).     Section 108A(1): amended, on 1 April 2020, by section 64(3) of the Taxation (KiwiSaver, Student Loans, and Remedial Matters) Act 2020 (2020 No 5).     Section 108A(2): amended, on 1 April 2020, by section 64(3) of the Taxation (KiwiSaver, Student Loans, and Remedial Matters) Act 2020 (2020 No 5).     Section 108A(2)(b): amended, on 1 April 2020, by section 64(3) of the Taxation (KiwiSaver, Student Loans, and Remedial Matters) Act 2020 (2020 No 5).     Section 108A(3): amended, on 1 April 2020, by section 64(3) of the Taxation (KiwiSaver, Student Loans, and Remedial Matters) Act 2020 (2020 No 5).