interest free tagged posts

New Student Loan Bill Introduced

August 5, 2009 New Zealand FinanceNew Zealand Taxation  No comments

Numerous changes to the Student Loan system have been introduced in front of Parliament in a new Bill.

The Student Loan Scheme (Exemptions and Miscellaneous Provisions) Amendment Bill was tabled in Parliament on the 4th of August. Revenue Minister Peter Dunne emphasized the need for an efficient and consistent student loan system, as the current student loan amount has reached $9.6 billion, and currently has over half a million borrowers.

Changes introduced into the system include the allowance of residence of Niue, the Cook Islands, Tokelau or the Ross Dependency to utilize the interest free aspect of the student loans. This provision extends to those who are eligible to reside within those territories for 183 consecutive days...

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Interest Free Student Loans Extended

February 25, 2009 New Zealand FinanceNew Zealand Taxation  No comments

The list of situations under which an individual qualifies for interest write-offs on their student loans has been expanded by Order of the Council, according to statements made by Revenue Minister Peter Dunne on the 23rd of February.

Four New Zealand charitable associations who have volunteers overseas have been added to the list of groups who are eligible for student loan interest write-offs for the participants. The change will come into effect of the 1st of April with Australian Volunteers International, Pioneers (New Zealand), Presbyterian Church of Aotearoa New Zealand and Students Partnership Worldwide (Australia) being the groups. There are currently 54 organizations already on the list approved.

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