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ATO to require bank account details for refunds

As from 1 July 2013, when a tax return is lodged electronically, the ATO will only deposit refunds, if due, into Australian bank accounts. Previously, the ATO could, if requested, issue refunds in the form of a cheque but this option will no longer be available.

Therefore, this year, before we can complete your tax return that indicates a refund will be issued, we will require your Australian bank account details. We will contact you if this is the case.

Simon Dinér's Articles

HomeBuilder Grant

As from 1 July 2013, when a tax return is lodged electronically, the ATO will only deposit refunds, if due, into Australian bank accounts. Previously, the ATO could, if requested, issue refunds in the form of a cheque but this option will no longer be available. Therefore, this year, before we can complete your tax […]

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Major Changes to instant asset write-off

As from 1 July 2013, when a tax return is lodged electronically, the ATO will only deposit refunds, if due, into Australian bank accounts. Previously, the ATO could, if requested, issue refunds in the form of a cheque but this option will no longer be available. Therefore, this year, before we can complete your tax […]

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Year end 19/20 Tax Tips for the Individual

As from 1 July 2013, when a tax return is lodged electronically, the ATO will only deposit refunds, if due, into Australian bank accounts. Previously, the ATO could, if requested, issue refunds in the form of a cheque but this option will no longer be available. Therefore, this year, before we can complete your tax […]

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Working from home: what deductions can you claim?

As from 1 July 2013, when a tax return is lodged electronically, the ATO will only deposit refunds, if due, into Australian bank accounts. Previously, the ATO could, if requested, issue refunds in the form of a cheque but this option will no longer be available. Therefore, this year, before we can complete your tax […]

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Varying PAYG instalments

As from 1 July 2013, when a tax return is lodged electronically, the ATO will only deposit refunds, if due, into Australian bank accounts. Previously, the ATO could, if requested, issue refunds in the form of a cheque but this option will no longer be available. Therefore, this year, before we can complete your tax […]

Read more