Part year and full year non-residents for Australian tax purposes are required to report their worldwide income, if they had Higher Education Loan Program (HELP) debt, VET Student Loan (VSL) debt or Trade Support Loan (TSL) liability on 1 June 2020.
Worldwide income is your:
- repayment income, and
- non-resident foreign-sourced income.
If you are a non-resident for Australian tax purposes and had a HELP, VSL or TSL liability on 1 June 2020, you must report your non-resident foreign-sourced income here so that we can work out your overseas levy amount. If you wish to update or correct a previously submitted form follow these instructions.
Non-resident foreign income section
From the available occupations, select the closest matching occupation from which you earned the majority of your foreign-sourced income during the year.
If your occupation is not listed, or you were not employed (for example, you were an investor, retired or a pensioner), select ‘Occupation not listed’.
There are three assessment methods available to determine your non-resident foreign-sourced income:
The method you choose to determine your non-resident foreign-sourced income this year does not restrict your choice of method in a subsequent year.
Net non-resident foreign income
Enter the net amount of your non-resident foreign income calculated under the assessment method you are using for this amendment. To complete this field, follow the instructions for the assessment method you are using:
All amounts must be converted to Australian dollars before being reported, using the average annual exchange rate for the financial year most closely corresponding to the 2019–20 income year. For assistance converting your currency, you can use the foreign income conversion calculatorThis link opens in a new window.