Hello,
I have been trying to find a solid answer on this online and am yet to find one.
question is..
for hecs debt/ student loan repayments
if you renounce your citizenship (in the case of you pick up a new citizenship in a country that does not allow dual citizenship).
does the ato require the outstanding balance to be paid in a lump sum or do the same conditions apply, reporting world wide income and paying a percentage like normal based off said income.
thanks in advance :)