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The equity will be split out into a seperate loan, but what I was getting at was if I take that split loan now and it sits in my pocket as such, then I pay the vendor - is that different to my bank paying the split loan proceeds direct to the vendor. ATO seem to think it's ok, so long as the...

That's a problem then, as we only have one bank account and that is the offset account. Our wages are paid into it and it pays out our bills. Why would it not be allowed if the proceeds went into an offset account as opposed to a regular account? I can maybe understand that the proceeds are...

OK, I just called the ATO for clarification. The chap said that it's fine to take the loan out, leave it in our own account for a few months - even if that amount generates interest, then use the funds for purchase costs/deposit etc. As long as everything is reciepted so that it you are...

To fund the IP we are taking a split loan of the equity in our PPOR, secured against the PPOR which will be used for deposit & purchase costs, and then a further loan secured against the IP @ 80%LTV for the difference, effectively allowing us to borrow the entire purchase costs thereby...