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  • Recoverable advances and payments report

    We make in excess of 12 million payments annually. There is a robust control environment in place to ensure that these payments are made correctly. However, given the complexity of tax law, the systems needed to administer it and the potential for human error it is inevitable that from time to time some incorrect payments will be issued.

    Incorrect payments become debts which are recoverable under certain provisions of the Taxation Administration Act 1953. Some incorrect payments, by their specific nature, fall under the provisions for recoverable advances or recoverable payments.

    Section 15D of the Act requires that we publish information about recoverable advances and payments. This includes advances and payments that occur in one financial year, but which are identified and reported in a later financial year. This is referred to as ‘deferred reporting’.

    The following tables fulfil those requirements.

    Recoverable advances and payments 2017–18

    Type

    2017–18

    Advances

    Number¹

    nil

    Value²

    nil

    Payments

    Number

    3,040

    Value

    $2,532,028

    Deferred reporting

    Type

    Reported in 2017–18³

    Payments

    Number

    622

    Value

    $364,397

    ¹ ‘Number’ means the number of advances/payments issued by the ATO.

    ² ‘Value’ means the dollar amount of advances/payments issued by the ATO.

    ³ The figures in this column represent recoverable advances/payments reported in 2017–18 but which occurred in a previous financial year.

      Last modified: 06 Nov 2018QC 37262