New Zealand Acts

STUDENT LOAN SCHEME ACT 2011 - SECT 143

143 Commissioner's power to correct interest when charged in error

1 All amounts of interest charged must be taken to be correct unless a borrower establishes by proceedings under Part 8A of the Tax Administration Act 1994 that he or she should not have been charged with the amount of interest that was charged.

2 However, the Commissioner may amend an amount of interest charged if this is necessary to correct an error.

3 If an amount of interest charged is corrected, the Commissioner must notify the relevant borrower in writing as soon as practicable after the amendment.

Note: 1992 No 141 s 43(2)–(4)