SYDNEY, Sept. 4 (UPI) -- Paul "Crocodile Dundee" Hogan is free to leave Australia after reaching a deal with tax officials who grounded him over a tax dispute, his attorney says.

Hogan's lawyer issued a statement saying the actor would be allowed to fly back to Los Angeles but first must provide monetary security in the multimillion-dollar tax dispute. The amount of security wasn't specified.

Hogan, 70, who resides in Los Angeles with his wife and son, is in a long-running dispute with the Australian Tax Office over the amount of taxes he owes in Australia. When he returned to Australia to attend the funeral of his mother, the Australian Tax Office placed a travel restriction on him and prevented him from leaving the country.

Hogan is best known for his performance as Crocodile Dundee -- a wise-cracking denizen of the Australian outback who travels to New York City -- in the 1986 movie of the same name.

He also was featured in a series of ads for Australian tourism.

Hogan's lawyer, Andrew Robinson, issued a statement Friday saying his client still has outstanding issues with the Australian tax department, The Age newspaper in Melbourne reported.

"While the commissioner and Mr. Hogan remain in dispute on more general taxation issues, Mr. Hogan continues to protest his innocence and denies any wrongdoing," the statement said.

The Age said the agreement that allows Hogan to return to the United States followed a "cordial and co-operative meeting" between lawyers for the tax office and Hogan.