New legislation - 2007: Orders in Council (2007)
Student loan scheme - volunteer exemption
2007/46
The following organisations have been added to the list of organisations that are "named" for the purposes of section 38AE(1)(b) of the Student Loan Scheme Act 1992:
- Bright Hope International Trust
- Interserve (NZ)
- Mission Aviation Fellowship of New Zealand Incorporated
- National Spiritual Assembly of the Baha'is of New Zealand
- NET Ministries (National Evangelization Teams)
- OMF New Zealand
The effect of being "named" is that student loan borrowers working overseas as a volunteer, or for a token payment, for such an organisation may be granted an exemption, for a period of up to two years, from the requirement that they be present in New Zealand for 183 or more days to qualify for an interest-free loan.
Student loan borrowers seeking the exemption should contact their local Inland Revenue office.
Student Loan Scheme (Charitable Organisations) Amendment Regulations 2007
Date published: 11 Oct 2006
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