Hi,
I have an outstanding NZ student loan. Since completing my studies in NZ, I have changed citizenship and I now have an Australian Citizenship. After recently visiting NZ, I have since received a letter from NZ inland revenue re-paying back this loan.
My questions are:
(1) The amount of the student loans has increased from approx $10,000 to $44,000 based on interest over the years I have not made repayments. Can I request an assessment of this and offer to pay the loan on the amount I actually borrowed ie $10,000?
(2) What legal options do the NZ inland revenue have to recover the debt as I am now an Australian Citizen, i.e. can they stop me entering or exiting NZ or can they take in further through the Australian taxation system etc?
(3) I am happy to start making repayments but am unsure if I can legally offer to pay off the inital loan of $10,000 and not the $44,000 they are stating I owe.
Thank you for your time
I have an outstanding NZ student loan. Since completing my studies in NZ, I have changed citizenship and I now have an Australian Citizenship. After recently visiting NZ, I have since received a letter from NZ inland revenue re-paying back this loan.
My questions are:
(1) The amount of the student loans has increased from approx $10,000 to $44,000 based on interest over the years I have not made repayments. Can I request an assessment of this and offer to pay the loan on the amount I actually borrowed ie $10,000?
(2) What legal options do the NZ inland revenue have to recover the debt as I am now an Australian Citizen, i.e. can they stop me entering or exiting NZ or can they take in further through the Australian taxation system etc?
(3) I am happy to start making repayments but am unsure if I can legally offer to pay off the inital loan of $10,000 and not the $44,000 they are stating I owe.
Thank you for your time