Hi,
I am paying out my HECS as part of a refinance due to a separation, initially when I had submitted the application my final subjects hadn't been applied which was mostly going to be covered by what I got back in the 20% reduction.
As that is now not happening until the end of the year and I my final subjects have been applied there is an approximately 5k difference. I was wondering if I make a voluntary repayment to cover the costs of the last subjects how long does this take to show on the balance owing?
The further to that, with me paying out the final balance in the next few weeks when the 20% reduction gets applied it will put me into credit, is this something I then have to wait for next financial year to get back or will it automatically get debited into my bank account as I wouldn't owe anything to the ATO at that point?
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