I'm a bit confused as to when this benefit kicks in. I'm reading some articles which says it got delayed until 2012/13 but even in today's The Age paper, there's a comment to say that in the upcoming financial year you get a 50% discount on the first $1000 interest your earn. On a another note, does this $1000 also include dividend income? On a side note, I'm wondering which strategy would be better: * Keep the money in my offset account (against my investment property) at around 7% * or allocate some money into an online savings account to earn the $1000 interest, then re-allocate back to my offset when i have reached this amount to receive the discount? Some help?