IRD CHASES STU­DENTS

Auckland City Harbour News - - YOUR PAPER, YOUR PLACE -

A bill has been passed which will help In­land Rev­enue con­tact more stu­dent loan borrowers in Aus­tralia. The Tax­a­tion Bill in­cludes an in­for­ma­tion shar­ing agree­ment with the Aus­tralian Tax Of­fice, giv­ing the IRD ac­cess to con­tact de­tails to en­sure a higher level of com­pli­ance with re­pay­ments. Rev­enue min­is­ter Michael Wood­house says that around 70 per cent of over­seas­based borrowers are in de­fault on their loans, and the ma­jor­ity of th­ese live in Aus­tralia.

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