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You could try House of Wealth, Martin in Sydney.

In that case Peter's suggestion may work. Best to get proper advice...

From a tax POV, this could make things worse. If it is a mixed loan then any repayment would come off deductible and non deductible portions. Would probably be better to split the loan first and then pay off any non deductible portions of the loan independently of the deductible portions...

Perhaps this account thought it was beyond saving. Also, you went in for the tax return to be done, did you actually ask the question on how it could be rectified?

So you had a $280,000 loan borrowed $100,000 parked it into the offset ended up with a $380,000 loan as a result, and then mixed non borrowed money with the borrowed $100,000 -- Think of the loan as being in 2 portions a) $280,000 and b) $100,000 Assuming both 'loans' used for what...

Dennis, Can you please provide some figures and loan accounts on what you did? eg. Loan A $100,000, then borrowed $20,000 by increasing and put this into offset A etc etc