13 Apr 10 ATO agrees to pay interest
A message from the ATO
Credit interest entitlements will be paid to clients impacted by the delayed issue date resulting from our recently experienced correspondence issues. We are currently finalising the impacted client population and determining the quickest and most cost efficient means of calculating and paying the underpayment of interest. The decision to pay this interest after issue was made in an endeavour to further reduce any delays in paying the bulk of the refund to our clients.
Clients do not need to apply for this interest, all impacted clients will receive it as part of our remediation strategy.