Student Loan Scheme Amendment Act 1996

1: Short Title
This Act may be cited as the Student Loan Scheme Amendment Act 1996, and shall be read together with and deemed part of the Student Loan Scheme Act 1992
2: Interpretation
This section inserted, as from 1 October 1996, the definition of Challenge 2
3: PAYE rules of
Income Tax Act 1994
1: Section 25(2) sections 194 and 206 sections 143A(1)(d) and (e) and 143B(1)(d), and Part IX section 146
2: This section comes into force on the 1st day of April 1997.
4: Interest adjustment in respect of credit balances
This section substituted, as from 1 October 1996, s 42(4)
5: Interest statement
This section amended, as from 1 October 1996, s 42(2)
6: Late payment penalties
This section substituted, as from 7 February 1996, section 44
7: No liability in respect of small amounts of penalty
1: Section 52 subsection (2)
3: This section applies only to borrowers' obligations under this Act.
2: This section comes into force on the 1st day of April 1997.
8: Relief from penalty
1: Section 53 subsection (3)
4: This section applies only to borrowers' obligations under this Act.
2: This section comes into force on the 1st day of April 1997.
9: Heading to
Part 5 This section substituted, as from 1 October 1996, the heading to Part 5
10: Challenge to assessment of repayment obligation
This section amended, as from 1 October 1996, s 64
11: Challenge to amount of interest charged
This section amended, as from 1 October 1996, s 65
12: Challenge to penalty
This section amended, as from 1 October 1996, s 66
13: Challenge to assessment of repayment deduction
This section amended, as from 1 October 1996, s 67
14: Challenge to penal repayment obligation
This section substituted, as from 1 October 1996, s 68
15: Disputant
This section amended, as from 1 October 1996, s 69
16: New sections inserted
This section inserted, as from 1 October 1996, ss 69A 69B
17: Repeal of sections
1: This subsection repealed ss 70 to 76
2: Notwithstanding subsection (1) sections 70 to 76
a: Issued by the Commissioner under the principal Act before the 1st day of October 1996; or
b: Referred to in section 69A(2) section 16
3: The Commissioner may, with the written agreement of a person who has been assessed for a liability or obligation under the principal Act, specify that a notice of assessment or reassessment—
a: Issued before the 1st day of October 1996, is to be treated as if it had been issued after that date (in which case the provisions of Parts 4A 8A Tax Administration Act 1994
b: Issued on or after the 1st day of October 1996, is to be treated as if it had been issued before that date (in which case the provisions of sections 70 to 76
4: This section comes into force on the 1st day of October 1996.
18: Offences in respect of repayment deductions
1: Section 77(1)
a: By omitting the words every person commits every borrower commits
b: By repealing paragraphs (a) (b) (c)
c: By omitting from paragraph (d) , or wilfully fails to supply information to the Commissioner as required by section 24 of this Act
d: By omitting from paragraph (e) or negligently fails to supply information to the Commissioner as required by section 24 of this Act
2: Section 77(2) (3)
3: This section applies with respect to the 1997-98 income year and subsequent years.
19: Penalties for offences in respect of repayment deductions
1: Section 78
a: By repealing subsection (1)
b: By omitting from subsection (2) Every person who commits an offence against section 77(1)(a) or section 77(1)(c) or section 77(1)(d) of this Act Every borrower who commits an offence against section 77(1)(d) of this Act
c: By omitting from subsection (3) Every person Every borrower
2: This section applies with respect to the 1997-98 income year and subsequent years.
20: Other offences
1: Section 79(1)
a: By omitting from paragraph (a) Wilfully Being a borrower, wilfully
b: By repealing paragraphs (b) (c) (d)
c: By omitting from paragraph (e) any person any borrower
2: Section 79(3)
a: By inserting at the beginning of paragraph (a) Being a borrower,
b: By inserting at the beginning of paragraph (b) Being a borrower,
c: By omitting from paragraph (b) own or any other person's
d: By inserting at the beginning of paragraph (c) Being a borrower, obstructs
e: By repealing paragraphs (d) (e)
3: This section applies with respect to the 1997-98 income year and subsequent years.
21: Officers and employees of corporate bodies
1: Section 80
2: This section applies with respect to the 1997-98 income year and subsequent years.
22: Penal charge for default in repaying repayment deduction
1: Section 86
2: This section applies with respect to the 1997-98 income year and subsequent years.
23: Application of repealed provisions of
Tax Administration Act 1994 This section inserted, as from 1 October 1996, s 102