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Thanks for the suggestions everyone. I will seek professional advice. Just for my understanding, what are the issues if I simply transfer the 25k from loan 2 into the OFFSET of loan 3 (rather than the loan directly)? Is it that the original borrowed funds are still considered as private use and...

Thanks for the suggestion Terry. Not sure if it matters at all but the entire 450k was never placed in the offset. Instead 25k was sent as a cheque to pay off loan 1. The balance of 425k was deposited in the offset. My broker has suggested that I transfer 25k from loan 2 into the offset of...

Thanks Jess. Definitely hope this is fixable. I'm not sure I understand where the $425 in clean offset comes from.

This is why I believe there's a mistake. Any suggestions on how to remedy? Do I need to split the loan? Or can I transfer from loan 2 to loan 3 to reset back to zero? (and move funds from offset back into the loan)

No - at least that was not the intention. Loan 3 was only supposed to be drawn only when I actually find an investment eg. For deposit, stamp duty etc. The refinance only just happened so the offset contains no other funds.

Sorry if I'm not being clear. First time doing a refinance here. The purpose of loan 2 was to cover the non-investment debt (from refinacing loan 1). The purpose of loan 3 was basically the equity release from my PPOR to cover any investment-related expenses for when I find the right property...

I would appreciate some advice with my refinance. The purpose of the refinance was to release equity from my PPOR for an investment property. I have a bad feeling that the wrong accounts were used to during settlement which would lead to issues to with tax deductibility. I am waiting to hear...