New Zealand Acts

STUDENT LOAN SCHEME ACT 2011 - SECT 85

85 Commissioner's powers in relation to due dates

1 The Commissioner may determine the dates on or before which a borrower must pay his or her terminal payment or interim payments for a tax year if—

a) the borrower requests the Commissioner to determine the borrower's terminal payment due date or interim payment due dates; or

b) the Commissioner considers it necessary or appropriate in the circumstances.

2 The dates determined by the Commissioner under subsection (1) may differ from the dates specified in section 81 or 84 .

3 If the Commissioner determines the dates on or before which a borrower must pay his or her terminal payment or interim payments for a tax year,—

a) the Commissioner must, as soon as practicable, notify the borrower in writing—

i) of that fact; and

ii) of the dates determined by the Commissioner; and

b) the amount of the terminal payment or the interim payments must be calculated by reference to those dates.

4 This section overrides sections 81 and 84 .

Note: 1992 No 141 s 30(2)

History: Section 85: replaced (with effect on 1 April 2012 and applying for 2012–13 and later tax years), on 29 March 2013, by section 14 of the Student Loan Scheme Amendment Act 2013 (2013 No 10).