Scoop has an Ethical Paywall
Cabinet paper on student loan bill released
Wednesday, 20 December 2006
Cabinet paper on student loan bill released
Revenue Minister Peter Dunne today released a Cabinet paper on proposals that led to the introduction in November of the Student Loan Scheme Amendment Bill.
"I am releasing the Cabinet paper, for public information, because of general interest in the operation of the student loan scheme, and given the number of borrowers who will be affected by the changes proposed in the bill," Mr Dunne said.
"The main focus of the bill is on resolving problems with the operation of the student loan scheme in relation to borrowers who are overseas.
"The Cabinet paper provides background to government decisions on matters such as the extension of the amnesty on penalties, the new repayment rules, reduction of the penalty rate, the three-year repayment holiday, interest write-offs, adjustments to the hardship provisions, and allowing data matching between Inland Revenue and NZ Customs," Mr Dunne said.
The 16 October Cabinet paper is available at www.taxpolicy.ird.govt.nz.
ENDS
Gordon Campbell: On What’s Wrong With The Treaty Principles Bill
Department Of Internal Affairs: Samoan Citizenship Bill Passes Into Law
NZ National Party: National Acknowledges The Passing Of Hon Nikki Kaye
Mana Mokopuna: Children And Young People Share Vital Insights On Healing From Family Violence And Sexual Violence In New Report
NZ Government: PM Marks One Year In Government
Helen Clark Foundation: Helen Clark Foundation Calls For Political Action To Reduce The Prevalence Of Junk Food And Improve Health Outcomes
Justice Committee: Further Decisions About Submissions Process For The Principles Of The Treaty Of Waitangi Bill
