If you withdraw from a unit after the census date then it is considered a late withdrawal.
You will not normally get a refund for any tuition fees paid either upfront or on FEE-HELP. In some cases, if unforeseen special circumstances have impacted you after the census date you may be able to apply for a Late Remission of a FEE-HELP Debt for Special Circumstances.
Your result will be a “Late Withdraw Fail”. This means the grade for the unit enrolment will be LWD for ‘Late Withdrawal’ on your transcript, and the status of the unit attempt will be ‘Failed’. This record will remain even if a remission for special circumstances is approved. It is not possible to remove a late withdraw fail from your record/transcript.
It will be clear that this was not a “natural fail” and most institutions, employers and other organisations will understand what is meant by the grade.
NOTE: you must submit your withdrawal on or before the date of the last assessment or the last day of teaching (whichever is sooner) to be eligible for a late withdrawal. Withdrawals made after the end of teaching will normally be treated as a genuine fail (meaning your grade will be calculated on whatever assessment you have submitted so far) and finalised as such.
See also: how to withdraw from a unit or Late Remission of a FEE-HELP Debt for Special Circumstances.
A withdrawal after census will always count as a fail for most government purposes such as FEE-HELP pass rate eligibility and Centrelink support. Please keep this in mind. See also: https://www.studyassist.gov.au/help-loans/fee-help