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Inland Revenue

Tax Policy

PUBLISHED 13 March 2012

Student Loan Scheme Amendment Bill reported back

The Finance and Expenditure Committee has reported to Parliament on the Student Loan Scheme Amendment Bill, which was introduced on 7 September 2011. The bill introduces changes to improve current loan repayment levels, removes the ability to offset losses against a borrower’s net income in order to reduce their repayment obligation, reduces the current repayment holiday period from three years to one year and requires borrowers to apply for the repayment holiday. For more information see the bill as reported back on 13 March 2012 and the officials’ report on submissions received.