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28 Jul 10 Expecting a refund? - ATO update as at 27 July 2010

The ATO has advised that full processing commenced this year on 9 July 2010. As at 26 July 2010, the ATO had issued more than 942,000 notices of assessment, including approximately 830,000 refunds.

The ATO says that it aims to process 94% of individuals' electronic returns within 14 days and 80% of paper returns in 42 days. This year the ATO has upgraded its technology to help detect over-stated or fraudulent claims for refunds. This has added 2 days to the processing time for all returns, but the ATO still aims to meet the 14 and 42 day targets.


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