I have a couple questions about how paying for the SPP works. It'd be great if anyone knows the answer.
If you're buying the shares using direct debit, when is the money withdrawn from the account?
Is it the allotment date (25 Mar) or earlier, when the deadline closes (18 Mar)?
Also, if you apply for $15k, do they take the full amount, then return the rest if there's scaling? Or do they just take exactly however much it is?
I had a look thru the SPP pdf, but it didn't seem to say.
Thanks