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EFT refunds

 
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The fastest, most-secure way for your clients to receive their refund is to have it paid directly into a nominated Australian bank account using electronic funds transfer (EFT).

From 1 July 2013, individual tax returns will require bank account details including BSB and account number, to be entered when lodging using the electronic lodgment service (ELS), where a refund is expected.

Joint accounts and trust accounts are acceptable.

Last Modified: Friday, 15 February 2013
 
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