Student Loan Scheme (Repayment Bonus) Amendment Bill - Amendment paper No 037
Student Loan Scheme (Repayment Bonus) Amendment Bill - Amendment paper No 037
Checking for alerts... Loading...
Student Loan Scheme (Repayment Bonus) Amendment Bill - Amendment paper No 037
No 37
House of Representatives
Supplementary Order Paper
Thursday, 27 August 2009
Student Loan Scheme (Repayment Bonus) Amendment Bill
Proposed amendment
Hon Trevor Mallard, in Committee, to move the following amendment:
Clause 4
Clause 4 is amended by adding the following new section after new section 45F (after line 13 on page 5):
“45G Commissioner must advise borrowers to seek financial advice
The Commissioner must, in all material that provides information about repayment bonuses and that is made available to all borrowers, include a statement to the effect that borrowers are advised to seek appropriate financial advice before making excess repayments in order to obtain a 10% bonus.”
Explanatory note
The amendment to clause 4 to insert a new section 45G introduces a requirement that the Commissioner of Inland Revenue must, in all material that provides information about repayment bonuses and that is made available to all borrowers, include a statement to the effect that borrowers are advised to seek appropriate financial advice before making excess repayments in order to obtain a 10% bonus.
"Related Legislation
"Related Legislation
"Related Legislation
Versions
Student Loan Scheme (Repayment Bonus) Amendment Bill - Amendment paper No 037
RSS feed link copied, you can now paste this link into your feed reader.