Date posted: 19/12/2019 2 min read

Submission on ED0218 Student loan repayment - options for relief

CA ANZ recently provided feedback to Inland Revenue on draft SPS ED0218

CA ANZ recently provided feedback to Inland Revenue on draft SPS ED0218: Student loan repayments – options for relief.

This draft statement sets out Inland Revenue’s practice for providing relief under the Student Loan Scheme Act 2011. It covers relief from payments for:

  • overdue student loan repayment obligations
  • student loan repayment obligations not yet due
  • student loan repayment obligations for the current tax year, and
  • penalty and late payment interest imposed on overdue student loan repayment obligations.

The draft SPS amends SPS 11/03 to include legislative changes that have occurred as a result of the rewrite and replacement of the Student Loan Scheme Act 1992 with the Student Loan Scheme Act 2011. The SPS is well written clear and easy to understand. CA ANZ supports the publication of this statement.

Search related topics