Do you have a Higher Education Loan Program (HELP) debt?

From 1 January 2012, the government is changing the HELP voluntary repayment bonus, applied to payments of $500 or more, from 10% to 5%.

To take advantage of the 10% bonus, you will need to ensure your voluntary repayments are received by the Tax Office on or before 31 December 2011. To ensure payments are received in time, you should check with your financial institution for processing deadlines.

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