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  • Do your customers pay electronically?

    8 June 2018

    As part of new legislation, most electronic payments made from the start of the 2017–2018 financial year (1 July 2017) onwards will be reported to us. These include:

    • credit and debit cards
    • BPAY®
    • payments made through a third party payment processor
    • other types of electronic payments.

    The first reports will include:

    • payments processed in the 2017–18 financial year
    • total monthly electronic payments processed by your financial institution or payment facilitator.

    What does this mean for you?

    Electronic payments that your business receives from your customers will be reported to us.

    We use this data to match against our records. It will also be used to pre-fill tax returns to make it quicker and easier to lodge in the future.

    Find out about:

    ® Registered to BPAY Pty Ltd ABN 69 079 137 518

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