Melbourne job · NZ loan kept interest-free

Australian pay, New Zealand loan, quarterly returns

You earn and are taxed in Australia, but by returning to NZ every 3 months you satisfy IRD's 32-day rule and keep your student loan interest-free. All money shown in NZD and AUD. Visit dates count forward from today.

Your inputs

Australian income

Range from the Kraken listing was $119k to $150k plus super.

% on top
NZ student loan

Ticked: interest-free, repay 12% of income. Unticked: overseas-based, 5.6% interest + fixed repayment.

Return trips to NZ

Defaults to today. Visit schedule counts forward from here.

days

With 4 trips/yr you need 16+ days each to pass. 20 gives a safe buffer.

Each NZ visit = 2 flights (over and back). MEL to WLG one-way: cheap approx $160, typical approx $250, Dec peak approx $410+.

days

Standard AU full-time is 20 days. NZ work days beyond this are unpaid unless you work remotely.

If ticked, NZ days are not docked from pay (you keep working). If not, days over your leave are unpaid.

Weekly living costs (AUD)
/wk
/wk
/wk
/wk
/wk
/wk
/wk
Rates (editable)

1 NZD = 0.815 AUD (approx Sep 2026). Check today's rate and update, since it moves daily.

%
Take-home / week
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Leftover / week
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-
-
Loan clear time
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-

32-day rule check

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Your flight schedule (leave AU, arrive NZ, and back)

Flight cost range (per trip and per year)

ScenarioOne-wayPer trip (2 legs)Per year (all trips)

Gross to take-home (annual)

Where it goes (yearly, both currencies)

ItemAUD/yrNZD/yrAUD/wk

The loan decision: interest-free vs overseas

ApproachInterest (NZD)Clears in

Total compensation

Estimates only, not tax or financial advice. AU tax 2026-27 resident rates + 2% Medicare.
NZ loan rules per IRD (32-day rule, 5.6% overseas interest). Cross-border tax needs a trans-Tasman accountant.