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02 Aug 10 ATO progress report - 2010 returns

On 30 July 2010, the ATO issued a progress report in relation to 2010 returns. The report says, in part:

"In the period from 1 July 2010 to 29 July 2010, the ATO has issued more than 1.25 million notices of assessment, including just over 1.04 million refunds.

We have received more than 2.09 million 2009-2010 returns since 1 July 2010; more than 600,000 of which have been received in the last five days...

As was the case last year, this year we aim to process 94% of individuals' electronic returns within 14 days. Now that full processing is well underway, it is expected that most electronically lodged returns (whether lodged via e-tax or by a tax agent) will meet the 14 day time-frame.

We also expect that most paper returns should be processed within 42 days (we aim to process 80% of paper returns in 42 days)."


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