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.
