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You can't rectify it. How much money was in the offset at the time of deposit?

Dangerous! The loan is now a mixed purpose loan. $600,000 loan $150,000 relates to the purchase of the house $450,000 relates to parking in and offset and mixing ---------- $600,000 Note the portions of the loan $150,000/600,000 = 25% $450,000/600,000 = 75% 25% of the interest...

This is messy. you could possibly rectify it but it would not be easy. You would have to split the loan and then repay the private portion - the mess - you could then reborrow it again and not mix it. If you repay hte loan as it you will create a further mess so lease seek tax advice before...