Hi, need help here - pretty confused.... My fiance lent his daughter $50,000 in June 2004 for deposit on her house. She has now refinanced so she can give him back the $50,000. He is retiring in December. He has already spoken to centrlink and told them about the loan, so they have it in their files, even though he has not applied as yet for aged pension until December. He will be buying a car for himself with this money, hopefully within a month or two of getting it back, but he was told he will still be deemed for the loan, though he has made no interest at all on it himself. Can anyone advise how this works and what he would be likely to lose for the couple of months it may be in his bank account? (they weren't very clear at centrelink, so he came away more confused). HOPE SOMEONE CAN HELP HERE , thanks.