2008/45
Student Loan Scheme (Total
Interest Rate) Regulations 2008
Anand Satyanand, Governor­General
Order in Council
At Wellington this 25th day of February 2008
Present:
His Excellency the Governor­General in Council
Pursuant to section 87 of the Student Loan Scheme Act 1992, His
Excellency the Governor­General, acting on the advice and with the
consent of the Executive Council, makes the following regulations.
Contents
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Title
Commencement
Total interest rate for tax year commencing 1 April 2008
Revocation
Page
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2
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Regulations
1
Title
These regulations are the Student Loan Scheme (Total Interest
Rate) Regulations 2008.
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r2
Student Loan Scheme (Total Interest
Rate) Regulations 2008
2008/45
2
Commencement
These regulations come into force on 1 April 2008.
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Total interest rate for tax year commencing 1 April 2008
The total interest rate (as determined in accordance with the
Student Loan Scheme (Interest Rates Formulas) Regulations
2006) that applies for the purposes of the Student Loan
Scheme Act 1992 in respect of the tax year commencing on
1 April 2008 is 6.7%.
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Revocation
The Student Loan Scheme (Interest Rates) Regulations
2007 (SR 2007/45) are consequentially revoked.
Rebecca Kitteridge,
for Clerk of the Executive Council.
Explanatory note
This note is not part of the regulations, but is intended to indicate
their general effect.
These regulations, which come into force on 1 April 2008, prescribe
the total interest rate that applies to the student loan scheme for the
tax year starting on 1 April 2008. The total interest rate is 6.7%.
The total interest rate was determined in accordance with the formula
set out in the Student Loan Scheme (Interest Rates Formulas) Regu­
lations 2006.
Issued under the authority of the Acts and Regulations Publication Act 1989.
Date of notification in Gazette: 28 February 2008.
These regulations are administered by the Inland Revenue Department.
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Wellington, New Zealand:
Published under the authority of the New Zealand Government—2008
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