Inland Revenue has collected more than $207 million in repayments since July last year from student loan borrowers living overseas in the past 9 months.

This is a 43 percent increase on the same period from the previous year.

Currently, 71 percent of overseas student loan borrowers are in default - and together, they owe about $2.3 billion in loans, penalties and interest.

Deloitte tax partner Robyn Walker explains why the IRD is so invested in getting these repayments back.

LISTEN ABOVE

Inland Revenue has collected more than $207 million in repayments since July last year from student loan borrowers living overseas in the past 9 months.
This is a 43 percent increase on the same period from the previous year.
Currently, 71 percent of overseas student loan borrowers are in default - and together, they owe about $2.3 billion in loans, penalties and interest.
Deloitte tax partner Robyn Walker explains why the IRD is so invested in getting these repayments back.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Robyn Walker: Deloitte tax partner on the IRD cracking down on overseas student loan borrowers

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/7a40d362-f745-47f8-80e9-b2dc0080dd4b/transcript