It can't be taken before death, it may become a debt till death as HECS is and my understanding is the Govt has no claim against an estate on death at this stage.
I have not administered estates since 1994 so if anyone knows what the current rule is would be handy. I don't believe the dimwits in the Senate would have included this requirement, however if they did then most poorer beneficiaries would inherit pretty much nil after the funeral unless other means we're used which I won't go into.
How are the HECS loans accounted for now and do they get written off on the death of students because as far as I'm aware deceased estates administrators don't inform the department of the death, so how would they know unless they got death list reports to check who died and write off to.the budget? Complex issues abound this and any new proposals.
