Aussie-based Kiwi student loan bludgers to be chased by their tax people

The Australian tax man will soon be able to finger New Zealand student loan dodgers to his Kiwi counterpart.

A bill introduced to New Zealand’s parliament on Monday will allow information to be shared between Inland Revenue and the Australian Taxation Office as the Government tightens the clamp on loan defaulters living overseas.

About 725,000 student loan borrowers owe nearly $15 billion and an estimated $3.2b is owed by people living overseas, the majority in Australia.

New Zealanders living in Australia had defaulted on about $445 million worth of their debt, the Government said in March this year when the two countries’ Prime Minister agreed on the arrangement.

The Australian taxation officer will supply up-to-date contact details and the Government has said that when people are contacted, they start paying.

Tertiary Education, Skills and Employment Minister Steven Joyce says Inland Revenue has made progress in tracking down defaulters but there are still too many of them in Australia.

“This new initiative will give IRD up to date contact details to track down those deliberately avoiding their payments and being unfair to other taxpayers.”

Over the past five years the Government has increased its efforts to claw back unpaid student loans and says it is having some success.

At least there is some consistency.  They might not want our pedophiles, but they’re also helping us chase down a few billion NZ dollars that’s owing to you and me.

 

– 3 News


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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.

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