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When end-of-year repayment obligations are due

2013 amendment to Student Loan Scheme Act ensures end-of-year repayments due as one payment on the borrower's terminal tax due date. Applies from 1 Apr 2012.

Sections 4, 5, 80, 81 and 144

Sections 80 and 81 have been replaced to ensure that end-of-year repayment obligations continue to be due as one "terminal payment" on the borrower's terminal tax due date (generally 7 February for borrowers with a March balance date) instead of spread over multiple "remaining repayments" as originally provided for in the Student Loan Scheme Act 2011.

As a consequence section 144(1) has also been amended.

Application date

The amendments apply retrospectively from 1 April 2012, for the 2012-13 and later tax years.