Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Information-sharing on student loans welcomed

Information-sharing on student loans welcomed

Tertiary Education, Skills and Employment Minister Steven Joyce and Revenue Minister Todd McClay have welcomed the announcement of an arrangement that will see Australia and New Zealand share data to assist New Zealand to recoup unpaid student loans of defaulters in Australia.

Prime Minister John Key and Australian Prime Minister Tony Abbott announced the information-sharing arrangement at their annual Leaders’ Meeting today.

“Some $686 million of student loan defaulted debt is held by borrowers living overseas, and an estimated 65 per cent of those people reside in Australia,” says Mr Joyce.

“Our overseas-based borrowers initiative is making good progress in tackling this overdue debt but there is still a mountain of debt to climb, given the lack of interest from past governments in collecting it."

Mr McClay says the key to collecting overdue repayments is up-to-date contact details and the Australian Taxation Office will now be able to supply these.

“We know that when we contact people, they start paying. Approximately 70 per cent of overseas borrowers we contact begin to repay their debt. This new arrangement with Australia will ensure we contact many more borrowers,” says Mr McClay.

“Just because people have left New Zealand, they should not think they have left the debt behind. New Zealand taxpayers helped these students gain a world-class education and we want that debt repaid,” says Mr Joyce.

“This information-sharing arrangement with Australia is very welcome,” the Ministers say.

While the arrangement is reciprocal, Australian student loan borrowers who are based overseas are not obliged to make repayments on a loan they have taken out under the Australian student loan scheme. However, this arrangement will provide a precedent for Australia to call on New Zealand’s Inland Revenue if that policy ever changes.

ENDS




© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

SCOOP COVERAGE: CHRISTCHURCH MOSQUES TERROR ATTACK


camouflage

Gordon Campbell: On Why We Shouldn’t Genuflect To Calls For Secrecy

Reportedly most (and possibly all) of the Royal Commission investigation into the Christchurch mosque shootings will be closed to the general public and to the media.

Oh sure, come delivery date in December there will be some kind of “public-facing” document containing conclusions and rationales, but there will have been no interim way of scrutinizing the inquiry’s rigour, or how fairly its findings reflect the evidence. More>>

 
 

Budget Announcements: Family And Sexual Violence Response

The family and sexual violence package, which sits across eight portfolios, is the result of the first ever joint Budget bid from multiple government departments. More>>

ALSO:

Taking Children Into State Care: Minister For Children On The Nation

Simon Shepherd: ... So, we’ve seen this jump in the number of newborn Maori babies being taken from their parents in the last three years. Is that because it’s a directive from Oranga Tamariki to get involved earlier? More>>

ALSO:

Gordon Campbell: On The Christchurch Call

The zigzagging nature of Christchurch Call To Action's content (“steps to eliminate terrorist and violent extremist content online” on one hand… and “a free, open and secure Internet” on the other) reflects the genuine tension on this subject. More>>

ALSO:

Getting Moving: Wellington Transport To Get $6.4b Overhaul

A new $6.4bn transport project aiming to free up traffic in Wellington CBD will combine a mass transit system with an improved bus network, the government says. More>>

ALSO:

Privacy Commission Report: MSD Systematically Misused Fraud Investigation Powers

An Office of the Privacy Commissioner (OPC) inquiry has found the Ministry of Social Development (MSD) systematically misused its investigatory powers while pursuing benefit fraud, unjustifiably intruding on the privacy of many beneficiaries. More>>

ALSO:

Consultation Doc: Safety Focus In Improved Drug Driver Testing

Improving the safety of all road users is the focus of a new public consultation document on the issue of drug driver testing. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels