2008 media releases
Student Loan amnesty - last chance to apply
19 March 2008
Student Loan borrowers who haven't yet applied for the Student Loan amnesty need to get in quickly to avoid a one-off penalty on their loan.
The amnesty on late payment penalties for overseas-based borrowers closes on 31 March 2008.
"People need to get their applications in to us quickly, because if a borrower is eligible and they don't apply by the deadline of 31 March 2008, a one-off penalty will be added to their loan balance. '' said Inland Revenue's Student Loans Programme Sponsor, Vaughan Crouch.
"The one-off penalty will be either five per cent of the borrower's total loan balance or the sum of their original late payment penalties - whichever is less," he said.
To be eligible, borrowers need to have been overseas on 31 March 2006 and to have fallen behind in their repayments. They could have returned to New Zealand by now or still be overseas.
For more information on eligibility criteria, how to apply and amnesty obligations, visit www.ird.govt.nz/studentloans
Ends
For more information:
Adrienne Perry
Senior Media Advisor
(04) 890 1698
Other media releases this year
- Accountant sentenced for tax evasion
- Invercargill accountant jailed for tax evasion
- Dairy owner sentenced for hiding half a million
- Tauranga court jails man for tax evasion
- Most Working for Families recipients not charged interest for overpayments
- Former Kaikohe farm manager jailed for tax evasion
- Auckland plasterer jailed for tax evasion
- New callback service rolled out across Call Centre
- Former employee sentenced
- KiwiSaver report released
- Inland Revenue expands e-services
- Do-it-yourself tax refunds
- Employers reminded about new tax rates
- Former Inland Revenue employee pleads guilty to corruption
- Sentencing strong message for contractors
- Accountant jailed for defrauding clients and Inland Revenue
- Inland Revenue pilots callback system to help customers
- Inland Revenue proposes changes to company tax return
- Agricultural contractor sentenced
- Jail for horticultural student
- Tax fraud results in jail term
- Thousands apply for student loan amnesty
- Early Working for Families Tax Credits payments
- Inland Revenue wins People's Choice NetGuide web award for second time
- Waikato couple sentenced for tax evasion
- Inland Revenue warns about income diversion
- Report of investigation of an error in tax revenue numbers
- Tax credits for people made redundant
- R&D tax credit goes live
- Revised financial statements
- Tax advice for investors in failed finance companies
- Tax advice for property investors
- Provisional tax gets easier
- Early Working for Families Tax Credits payments
- IRD numbers about to get longer
- Tax authorities work together to stop international tax evasion
- Inland Revenue helps drought-affected farmers
- IRD numbers available at NZ Post and AA
- Inland Revenue warns against divulging personal details
- Second jail term for major tax scam
- Welcome surprise for owners of forgotten money
- End-of-year tax date fast approaching
- Time running out for student loan amnesty
Corporate Affairs
Inland Revenue
To make a media query:
Phone 04 890 1698 or email mediaqueries@ird.govt.nz
Please note, the email address is only for enquiries from the news media. It is monitored during normal business hours 8am - 5pm Monday to Friday.
P O Box 2198
Wellington 6140
New Zealand
Date published: 19 Mar 2008
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