Overseas Repayments Changes
14th June 2016 | News
The Australian Government has introduced changes that mean if you have moved overseas and have a Higher Education Loan Programme (HELP) or Trade Support Loan (TSL) debt, you now have the same repayment obligations as those who live in Australia.
This applies if you already live or intend to move overseas for a total of more than six months in any 12-month period.
From 1 January 2016, you will need to update your contact details through the ATO online services within seven days of leaving Australia.
If you already reside overseas, you will need to update your details no later than 1 July 2017.
From 1 July 2017, if you are living overseas and earning an income that exceeds the minimum repayment threshold, you will be required to make compulsory repayments towards your debt.