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DIV293
11/17Division 293 tax debt
repayment election
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Who should use this form?
Use this form if you are a member of Commonwealth Superannuation Scheme
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How to fill out repayment election

How to fill out repayment election
01
To fill out repayment election, follow these steps:
02
Start by opening the repayment election form.
03
Read the instructions carefully and gather all the required information.
04
Fill in your personal details such as name, address, and contact information.
05
Provide information about the loan or credit you wish to make a repayment election for.
06
Specify the repayment plan you prefer, whether it's a fixed monthly amount or a percentage of your income.
07
If applicable, indicate any additional conditions or requests related to the repayment.
08
Review the form to ensure all the information is accurate and complete.
09
Sign and date the form.
10
Submit the filled-out form as per the instructions provided, either by mail or online.
11
Keep a copy of the form for your records.
Who needs repayment election?
01
Repayment election is needed by individuals who have borrowed money or taken credit and wish to choose a specific repayment plan.
02
This may include individuals who have student loans, mortgages, car loans, or any other type of loan or credit.
03
Repayment election allows them to customize their repayment terms based on their financial situation and preferences.
04
It provides borrowers with the flexibility to choose a repayment plan that suits their ability to pay and helps in managing their finances effectively.
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What is repayment election?
Repayment election is the process by which a borrower chooses how they will repay their loan or debt, selecting from various repayment options.
Who is required to file repayment election?
Borrowers who have taken out a loan or incurred a debt that offers repayment options are required to file repayment election.
How to fill out repayment election?
To fill out repayment election, the borrower must carefully review the repayment options available to them and select the one that best fits their financial situation. This can typically be done online or through paper forms provided by the lender.
What is the purpose of repayment election?
The purpose of repayment election is to give borrowers flexibility in how they repay their loans or debts, allowing them to choose a repayment plan that works best for their individual circumstances.
What information must be reported on repayment election?
The repayment election form typically requires the borrower to provide their personal information, details of the loan or debt being repaid, and their chosen repayment option.
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