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IRD - Student loans - Relief from repayment obligations

IRD is consulting on the Draft standard practice statement ED0176: Student loans - relief from repayment obligations
The draft statement sets out the Commissioner’s practice for providing relief under the Student Loan Scheme Act 2011.It covers the circumstances under which a student may apply for student loan repayment relief and the processes of applying for:

  • relief from late payment interest;
  • relief from a repayment obligation (whether the amount is not yet due or is an amount for the current tax year);
  • relief from a penalty; and/or
  • how to enter into an instalment arrangement for an amount that is unpaid or an amount not yet due.

You may comment on any aspect of the draft practice standards – whether they are clearly understood, fair – for example, are there other circumstances where relief from student debt should to be considered, how accessible the  information is etc.  

The document can be found on the IRD consultation page http://www.ird.govt.nz/public-consultation/public-consultation-index.html (Scroll down to Draft standard practice statement ED0176: Student loans - relief from repayment obligations)

Feedback Due: Please send comments to marilynh@nzno.org.nz by 10 September 2015.