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Up until recently, if you left the country, Australia had no real way to make you pay back the loan since they wouldn't track your income and would see no tax r
by tholman 8y ago
Up until recently, if you left the country, Australia had no real way to make you pay back the loan since they wouldn't track your income and would see no tax return. Last year new rules came into place to claim back income from people who had left without paying their loans, and will claim a % of your income (before tax, I believe) if your income is > $13,968 ... I ended up paying the whole loan in one sum so I didn't have to keep double reporting incomes, so I guess the system has worked.
> https://www.ato.gov.au/Individuals/Study-and-training-support-loans/Overseas-repayments/ https://www.ato.gov.au/Individuals/Study-and-training-suppor...