Student Loan Scheme (Exemptions and Miscellaneous Provisions) Amendment Act 2010
2010 Act introduces changes to the student loan repayment rules and extends interest-free loans to borrowers from Realm countries Niue, the Cook Islands and Tokelau.
The Student Loan Scheme (Exemptions and Miscellaneous Provisions) Amendment Bill 2009 was introduced into Parliament on 4 August 2009. The Bill had its first reading on 25 August 2009 and was considered by the Education and Science Committee, which reported back to the House on 27 November 2009. The Bill completed all remaining Parliamentary stages under urgency on 23 February 2010 and received Royal assent on 6 March 2010.
The new Act introduces a number of mainly technical changes to the student loan repayment rules to ensure that the law is consistent and operates as intended. It also extends interest-free loans to borrowers from Niue, the Cook Islands and Tokelau, which as Realm countries share a special relationship with New Zealand.