NEW ZEALAND GAZETTE

22 OCTOBER

Summary of Bills Introduced

Student Loan Scheme Bill
This bill provides for the repayment of loans made by the Crown to tertiary students. The bill applies to existing and future borrowers.

Matters such as eligibility, credit limits, draw down limits and interest rates are dealt with in the loan contracts signed by the borrowers and are not covered in this bill.

The provisions of the bill are consistent with general principles in loan contracts that:

(a) The annual amount payable is based on a percentage of the borrower’s assessable income for the income year after deducting a repayment threshold;

(b) Collection is to be made by the Inland Revenue Department;

(c) The annual loan repayment amount shall be paid at the same times and in the same manner as if the loan repayment were income tax of the borrower; and

(d) If the loan repayment amount is not paid, the amount payable shall be subject to a late payment penalty of 2 percent per month.

The bill provides for the setting of the repayment threshold (currently set at $12,670) and the repayment percentage (currently set at 10 percent) by Order in Council.

The bill makes specific provisions for repayment by non-New Zealand residents.

Submissions close on 13 November 1992.

Imprest Supply Bill (No. 5)
This bill enables the issue and application of certain amounts of public money towards the service of the year ending with the 30th day of June 1993 and to authorise costs to be incurred towards the service of that year.

Canterbury Museum Trust Board Bill
Amends the law relating to the Canterbury Museum Trust Board, made necessary by the reform of local government, by altering the constitution of the Board, better defining its functions, and making provision for the continuation of the work of the institution and for the finances and administration of the Board.

Government Notices

Commerce

Patents Act 1953

Designs Act 1953

The Canterbury International Agricultural Show/62nd New Zealand Royal Show to be an Industrial Exhibition

CATHERINE A. TIZARD, Governor-General

A DECLARATION

Pursuant to section 60 (2) of the Patents Act 1953, and section 10 (2) of the Designs Act 1953, I, Dame Catherine Anne Tizard, the Governor-General of New Zealand, do hereby declare that the Canterbury International Agricultural Show/62nd New Zealand Royal Show to be held at Christchurch, New Zealand from Wednesday, the 11th day of November 1992 to Friday 13th November 1992, to be an Industrial Exhibition for the purposes of the said Acts.

As witness the hand of Her Excellency the Governor-General this 12th day of October 1992.

Hon. PHILIP BURDON, Minister of Commerce

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Education

Education Act 1989

Board of Trustees Elections

Pursuant to section 101 of the Education Act 1989, notice is given that first elections are to be held on the 27th day of November 1992, for the board of trustees of the following schools:

• Auckland Seventh-day Adventist High School, Auckland.
• South Auckland Seventh-day Adventist Primary School, Auckland.
• Hawke’s Bay Adventist Primary School, Napier.

The proprietors of the said schools are entering into integration agreements with the Minister of Education pursuant to the Private Schools Conditional Integration Act 1975. The first meetings of the boards of trustees will be held on the 26th day of January 1993.

Dated at Wellington this 20th day of October 1992.

ERIC PEDERSEN, Senior Manager, National Operations.

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Ihungia School Board of Trustees Election

Acting under the authority given to me by section 109 (5) of the Education Act 1989, I appoint Wednesday, 21 October 1992.

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