Electronic funds transfer (EFT)

Direct refund

We need your financial institution details to pay any refund owing to you, even if you have provided them to us before.

Complete the:

  • bank state branch (BSB) number; this six-digit number identifies the financial institution (do not include spaces or hyphens)
  • account number; this number should not have more than nine characters (do not include spaces)
  • account name; your account name should be shown on your bank account records, in most cases. It should include spaces between each word and between initials. If your account name exceeds 32 characters, provide the first 32 characters only.

Direct debit

The trustee can pay tax owing directly from their account using EFT. A trustee can provide separate account details for direct debit and direct refund.

To use direct debit

Trustees can arrange direct debit by using a tax agent who can lodge tax returns through the electronic lodgment service (ELS), or by completing a Direct debit request form. Allow at least five working days for processing of the direct debit request form. Tax agents can transmit payment details up to three working days before the due date once the direct debit request has been processed, for more information, phone 1800 802 308.

If the trustee used direct debit last year and the account details provided are correct, you do not need to make another request. The notice of assessment will display a message that the tax debt will be debited from the nominated account on the due date.

If the account details have changed, complete a direct debit request if you want to use direct debit this year.

A direct debit request remains in force until it is cancelled. Cancellations must be received three business days before the payment date.

There is no provision for a direct debit election on the tax return. The direct debit request is also available as part of ELS software packages.

Last modified: 31 Aug 2016QC 48243