To my understanding, costs like interest, need to be portionedbased on income not names on the account.
E.g. if you own 100% of the investments, borrow to buy those investments, andthe loan is 100% in her name, you claim the interest as the deduction needs tobe related to income.
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- ATO Proportioning of Interests Deductions
ATO Proportioning of Interests Deductions, page-2
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