Plain language law

New Zealand law explained for everyone

Student Loan Scheme Act 2011

Matters of general application and miscellaneous matters - Miscellaneous matters - Regulations

215: Regulations

You could also call this:

“Rules for how student loans work”

The Governor-General can make rules about student loans. These rules can decide:

How much money you need to earn before you start paying back your loan.

How much of your income you need to pay towards your loan.

What extra information you need to give when you apply for a loan or while you’re paying it back.

How much it costs to set up a student loan.

How much you need to pay back if you’re living overseas.

How much you owe before you have to pay extra for being late.

How much you need to pay each year to help cover the costs of running the loan system.

Any other things needed to make the student loan system work properly.

When the Governor-General makes these rules, they become part of the law. You can find them published with other laws.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3180437.

Topics:
Education and learning > Higher education Money and consumer rights > Banking and loans
Previous

214: Notice requirements of Tax Administration Act 1994 do not apply, or

"Student loan information rules are different from regular tax rules"

Next

216: Transitional regulations, or

"Rules that helped change from the old law to the new law have been removed"

Part 5 Matters of general application and miscellaneous matters
Miscellaneous matters: Regulations

215Regulations

  1. The Governor-General may, by Order in Council, make regulations for all or any of the following purposes:

  2. prescribing the amount of the annual repayment threshold, or a means by which it may be calculated or ascertained:
      1. prescribing the repayment percentage, or a means by which it may be calculated or ascertained:
        1. specifying further information requirements in accordance with sections 10(2)(d), 13(i), 16(2)(a)(viii), 16A(1)(e), or 107A(2)(e):
          1. prescribing the amount of a student loan establishment fee charged under section 14, or a means by which it may be calculated or ascertained:
            1. prescribing the amount of a threshold or the amount of a repayment obligation that is to apply in place of those set out in section 110(2) to (4):
              1. prescribing the level of unpaid amount on which a borrower is liable to pay late payment interest under section 139(1), or a means by which it may be calculated or ascertained:
                1. prescribing the amount of an annual administration fee charged under section 189, or a means by which it may be calculated or ascertained:
                  1. providing for any other matters contemplated by this Act, necessary for its administration, or necessary for giving it full effect.

                    1. Regulations under this section are secondary legislation (see Part 3 of the Legislation Act 2019 for publication requirements).

                    Compare
                    Notes
                    • Section 215(1)(b): repealed, on , by section 30 of the Taxation (Residential Land Withholding Tax, GST on Online Services, and Student Loans) Act 2016 (2016 No 21).
                    • Section 215(1)(d): replaced, on , by section 38 of the Student Loan Scheme Amendment Act 2013 (2013 No 10).
                    • Section 215(2): inserted, on , by section 3 of the Secondary Legislation Act 2021 (2021 No 7).
                    OSZAR »