Your shopping cart is empty

21 Nov 2019 Activity statement financial processing (ASFP)

Plans are underway to carry out a system change during the ATO’s December closure, which will move the majority of taxpayer financial information into a single accounting system with multiple accounts. 

Called Activity statement financial processing (ASFP), this change will shift activity statement and franking deficit tax accounts from the ATO’s legacy system into their primary accounting system. It will provide them with a single accounting system covering the different taxes administered. 

More information can be found here. 

What activity statement financial processing (ASFP) means for tax professionals 

The Activity statement financial processing (ASFP) project will move all activity statement and franking deficit tax financial information into the one ATO system, delivering a single accounting system with multiple accounts. 

For tax professionals and their clients, ASFP will provide an improved experience. 

This system change will occur in December 2019 during the ATO’s annual closure. The System maintenance page will be updated with planned system outages. The ATO recommends that you check this page if you are planning to access their systems during their annual closure. 

Find out more here. You can also read about what ASFP means for your business here.


Media Release Search
Eg. TD 2005/D52 ALL words EXACT phrase WITHOUT words Date range
From To