The actor, best known for his role as Summer Bay's Aden Jefferies, had been ordered to comply with the bond's strict conditions for 12 months after confessing that he had cocaine in his possession at a Christmas party last year.
However, AAP reports that the bond was quashed at a Sydney court today after Lasance's lawyer argued that the punishment was too severe.
Judge Helen Morgan, who heard the case, was informed that the bond prevented Lasance from applying for a US visa for its duration, meaning that he would be unable to pursue his Hollywood ambitions until 2011.
After hearing that the 25-year-old has "a good chance" of securing Stateside acting roles, Morgan agreed to scrap the restrictions.
Lasance filmed his final Home and Away scenes last year but currently remains on screen.