Thank you for this article - I received incorrect advice from the ATO helpline which stated that the indexation discount was applied by discounting the amount (not the interest rate) that the indexation applied to - and therefore it was reflected in my tax return in FY24 (just cleared HECS balance and was expecting a refund alongside the tax return).

I ran the numbers and the advice provided by the ATO was incorrect.

look forward to receiving a cash refund for the HECS credit balance once the credits are applied.

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