Student loan repayment threshold to rise

Monday, 11 December 2006, 3:33 pm
Press Release: United Future NZ Party

11 December 2006

The income threshold at which new Zealand-based borrowers must begin repaying their student loans will rise from $17,160 to $17,784 on 1 April next year, Revenue Minister Peter Dunne announced today.

The new threshold is based on the annual movement in the September Consumer Price Index of 3.49 percent.

The change was approved by Order in Council today.

ENDS

Support the news you love

Scoop has been a champion of independent journalism and open publishing for over 20 years. It stands for informing New Zealanders through straight-talking independent journalism, and publishing news from politics and a huge range of sectors. Now, more than ever, sustainable financial support will help to keep these vital and participatory media services running.
Find out more and join us:

Become a member Get our free pānui

Find more from United Future NZ Party on InfoPages.

Parliament Headlines | Politics Headlines | Regional Headlines

NEW ZEALAND POLITICS

Gordon Campbell: On The Criminalising Of Rap Music

For black youth in America, there can be only three ways out of the ghetto: athletics, music or drug dealing. And for every individual who succeeds in making it out, dozens more attach themselves to their celebrity crews in order to bask in the reflected glory, and partake of the lifestyle. And what rap musician can afford to turn their back entirely on the ‘hood, when staying street and staying real is what their audience demands of them..?
More>>

Crime: Govt Helps Protect Shops From Ram Raids
The Government is providing further support to help Police protect small businesses affected by a spike in ram raids, Minister of Police Poto Williams says... More>>

Government: Investment Boosts Coastal Shipping In Aotearoa
New Zealand is a step closer to a more resilient, competitive, and sustainable coastal shipping sector following the selection of preferred suppliers for new and enhanced coastal shipping services, Transport Minister Michael Wood has announced today... More>>

Government: New Zealand To Stay At Orange For Now
With New Zealand expecting to see Omicron cases rise during the winter, the Orange setting remains appropriate for managing this stage of the outbreak, COVID-19 Response Minister Chris Hipkins said today... More>>

Government: Independent Panel Appointed To Review Electoral Law
Justice Minister Kris Faafoi today announced appointments to the independent panel that will lead a review of New Zealand’s electoral law. “This panel, appointed by an independent panel of experts... More>>

Trade: Prime Minister To Visit United States
Prime Minister Jacinda Ardern is leading a trade mission to the United States this week as part of the Government’s reconnection strategy to support export growth and the return of tourists post COVID-19... More>>

National: Jacqui Dean To Retire From Parliament In 2023
Waitaki MP Jacqui Dean has announced that she will not be seeking re-election at the 2023 election. “I have advised the President and Leader of the National Party that I have decided not to put my name forward... More>>