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@taniwharugby This is an all NZ deal, but one of the questions to sign up was to do with the collections between the countries. Baycorp are in both but operate pretty independently it seems.
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@taniwharugby yeah, I meant more that IRD and the ATO should have an agreement that any Kiwi with debt should have the same 10% taken straight from their income. Try to get repayments happening before the big build up and eventual defaults.
When I still had my loan and was working in Oz, they were entirely reliant on me making semi annual payments (which I did, but it seems many did not)
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@Paekakboyz said in Student Loans:
@JC because there isn't a shitshow of a higher level of funding for tertiary study imo. Fees free (should have been free last year of undergrad, not 1st) has only gotten moderate uptake. But it may pick up steam this year.
I reckon tinkering with the existing system is a better approach, but how you balance things for overseas v NZ based, and defaulters in either camp is challenging.That’s not really answering my question. If people are concerned that the existing system is inherently unfair in some aspects, why not lobby a senior minister who is record of being philosophically opposed to it? At the very least he would be obliged to explain what has changed and why the parts of the system people like @voodoo dislike should stay. As with most things, if someone doesn’t like something they should work to get it changed.
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@taniwharugby absolutely
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@JC said in Student Loans:
@Paekakboyz said in Student Loans:
@JC because there isn't a shitshow of a higher level of funding for tertiary study imo. Fees free (should have been free last year of undergrad, not 1st) has only gotten moderate uptake. But it may pick up steam this year.
I reckon tinkering with the existing system is a better approach, but how you balance things for overseas v NZ based, and defaulters in either camp is challenging.That’s not really answering my question. If people are concerned that the existing system is inherently unfair in some aspects, why not lobby a senior minister who is record of being philosophically opposed to it? At the very least he would be obliged to explain what has changed and why the parts of the system people like @voodoo dislike should stay. As with most things, if someone doesn’t like something they should work to get it changed.
Whoa, hang on there buddy! If we actually got off our asses and actually lobbied for actual change, what would we complain about if we were actually successful??!!!
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@taniwharugby said in Student Loans:
@voodoo I think NZ and Aus IRD (or whatever aus is called) have a reciprocal arrangement when it come to child support, but not alot else, would be beneficial to extend it.
Australian Taxation Office (ATO)
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@taniwharugby said in Student Loans:
@voodoo I think NZ and Aus IRD (or whatever aus is called) have a reciprocal arrangement when it come to child support, but not alot else, would be beneficial to extend it.
The ATO and IRD have a DTA (double tax agreement) as well (too many abbreviations) but it doesn't cover much else as you say.
The IMF have been trying to get more of this stuff in place for years but it was more to do with anti money laundering and terrorism (post 911) than bad loans.
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@jegga said in Student Loans:
I only read the headline
I'm not going to waste my time. Opinion piece by comrade Turei?
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Stuff are at it today
Clearly this woman's uni studies taught her little about personal responsibility either
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Damn, another thread I lost because it moved the Politics section (I am still confused about what qualifies a thread for politics, this one seems way less political than say the Twitter thread or the comedians thread.)
Maybe it was this post.
@JC said in Student Loans:Why aren’t any of you asking Andrew Little why he’s not agitating in Cabinet for a wind back of the entire scheme? When he was president of the NZUSA it was his main focus. At the time he was fundamentally against the concept of tertiary fees funded by loans. Now he’s very quiet on the matter.
Could be same reason why people weren't asking the same things of Paula Benefit, who was initially a fighter for students while she was taking a long suck on the govt teat, before she decided she'd get into the business of pulling up the ladder behind her.
@taniwharugby said in Student Loans:
@voodoo NZ and Aus IRD have an arrangement for some stuff dont they?
IIRC Baycorp (are they still a thing?) operated in both countries, but they were limited as to what info could cross the Ta$man.
I think Baycorp is now Veda in Oz? I've got a mate going through a battle with them in NZ at the moment, a fight over an already paid internet bill that they are still chasing him for due to a clerical error at the ISP and then Veda not willing to remove the debt from the record even after being notified of the payment.
At any rate, in his case, they don't seem to share information as he has a very distinct name and has never been chased in Oz for this "debt", and the existence of it on his credit report in NZ doesn't have any effect over here.
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@Nepia yeah now that you mention it, they changed to Veda in NZ some time back.
I think for them to clear the debt, the people in the company that lodged the debt need to remove it or mark as paid, so arguing with Veda likely pointless.
IN a previous job, we used to do >75% of our own recovery (had the tools to do so) and only a last resort we would pass to Baycorp/Veda.
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@taniwharugby said in Student Loans:
@Nepia yeah now that you mention it, they changed to Veda in NZ some time back.
I think for them to clear the debt, the people in the company that lodged the debt need to remove it or mark as paid, so arguing with Veda likely pointless.
IN a previous job, we used to do >75% of our own recovery (had the tools to do so) and only a last resort we would pass to Baycorp/Veda.
In my mates case, I think that the ISP have cleared it but Veda haven't removed it from the historical report which is why he's still arguing with them (from a distance).
I had a National Bank one in the past (on an old student overdraft) that got cleared straight away (after being there for two years when I didn't know) after I figured out it was there and then notified National Bank about it.
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Supposedly if you dispute that there's a debt at all, they can't collect without a court order or similar.
All a bit messy - I went to university 1998 so had the full whack of interest and can relate. Not sure what the answer is, because it's a loan and to be repaid, but the lender can literally change the law around the obligations after the loan was made, can arrest for default, take from wages etc, and it's only wiped by death or bankruptcy, where other unsecured loans are also wiped by No Asset Procedures, so it's not exactly a standard loan.
Student Loans