Lachlan is 46 years of age and is a single parent. He has one dependent child a daughter named Rory who is 22 years of age. She is a full time student whose only income for the year was Youth Allowance totalling $7,882. Lachlan received the following income $52,300 >>> Wages $1,980 >>> Tattslotto win $1,300 >>> Disability support pension $5,900 >>> Jobseeker payment $960 >>> Bank interest Lachlan also had the following amounts listed on his income statement $29,999 >>> Reportable fringe benefits amount $10,000 >>> Reportable employer super contributions He had work related deductions totalling $1,240, a HELP debt of $5,893 and neither he nor Rory have private health insurance. Will Lachlan be required to pay back any of his HELP debt? If so, how much will the actual amount be that he is required to pay to the ATO?

No Lachlan will not be required to pay back any of his HELP debt

Yes Lachlan will be required to pay back his HELP debt. He will be required to pay the ATO $5,893.00

Yes Lachlan will be required to pay back his HELP debt. He will be required to pay the ATO $6,854.33

Yes Lachlan will be required to pay back his HELP debt. He will be required to pay the ATO $7,410.29