What the official record says
This Act is the Student Loan Scheme (Repayment Bonus) Amendment Act . This Act comes into force on . This Act amends the Student Loan Scheme Act 1992. inserted The following heading and sections are inserted after section 45: In this section and , unless the context otherwise requires,— means the bonus specified in, as appropriate, or has the meaning set out in means an excess repayment that, when combined with the resulting 10% bonus, results in the borrower's IRD loan balance being fully repaid. For the purposes of this Act, an , in respect of a borrower, is any amount paid to the Commissioner in respect of a tax year in excess of that borrower's repayment obligation for that tax year. However, the following are not excess repayments: any amount paid in respect of a tax year when a repay