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A new information sharing agreement between Inland Revenue and the Australian Tax Office has led to the contact details of almost 57,000 student loan borrowers being located across the Tasman, two thirds of whom are in default.

The agreement came into force in October and the details of around 10,000 New Zealanders were found in the first data match. The process has since been refined and a total of 56,897 people have now been located.

The strong and growing New Zealand job market provides great opportunities to get more Kiwis into life-long careers, say Tertiary Education, Skills and Employment Minister Steven Joyce and Workplace Relations and Safety Minister Michael Woodhouse.

The Ministers announced the release today of the 2016 update of the ‘Building Skilled and Safe Workplaces’ chapter of the Business Growth Agenda, which contains 55 current and 12 new initiatives to build sustainable careers and grow productivity in New Zealand.

An information exchange agreement with the Australian Tax Office (ATO) has carried out its first match, locating 10,400 student loan borrowers living across the Tasman.

Inland Revenue last week sent an initial list of 104,000 names of New Zealand borrowers who are living overseas to the ATO. Those names matched with the contact details of 10,400 people living in Australia.

Tertiary Education, Skills and Employment Minister Steven Joyce and Revenue Minister Michael Woodhouse have welcomed the passing of a Bill which will help Inland Revenue contact more student loan borrowers in Australia.

The Taxation (Residential Land Withholding Tax, GST on Online Services and Student Loans) Bill includes an information sharing agreement with the Australian Tax Office which will ensure that Kiwis fulfil their student loan obligations.

Tertiary Education, Skills and Employment Minister Steven Joyce and Revenue Minister Michael Woodhouse have welcomed a further boost in repayments from overseas-based student loan borrowers.

Over the first two months of this year there was a 31 per cent increase in repayments by overseas based borrowers over the same period in 2015.  In January and February this year $29.7 million was received from overseas-based borrowers, compared with $22.7 million in January and February last year.

Tertiary Education, Skills and Employment Minister Steven Joyce and Immigration Minister Michael Woodhouse have announced a new student visa designed to make New Zealand more competitive for retaining and attracting top international students.

The Pathway Student Visa will allow international students to undertake a pathway of up to three consecutive programmes of study with selected education providers. A pathway can be offered by a single education provider or in partnership with other selected education providers. They will be valid for a maximum of five years.

The Government has announced that a series of job fairs will be held in capital cities across Australia to encourage more Kiwis to return home and Australians to settle here to help fill emerging skills gaps and support thriving New Zealand-based businesses.

The Ministry of Business, Innovation and Employment, together with international employment event organiser Working In, will be hosting the first two expos in Perth on 22-23 November and Sydney on the 29-30 November. Further events will follow in Melbourne and Brisbane in the first quarter of next year.