So you have lodged your tax return and expecting a refund, now when do you receive it?
Typically, if you have lodged your return electronically with your account details it should take around 12 business days (so exclude weekends), however it may take longer. Apart from any arrangements you may have with us the ATO gives the following events which may delay the assessment of your tax return:
- The ATO identifies omitted income
- They need to cross-check data with other government agencies, including Centrelink and Child Support
- You have a debt obligation with the ATO
- You are insolvent
- Your tax file number (TFN) has been compromised
- The ATO queries information provided in the return.
Its important that if you think any of the above applies to you, that you ensure you discuss this with us when completing your tax return.