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18 Mar 13 Managing refunds after 1 July 2013

The ATO advises that from 1 July 2013, individual income tax clients' refunds will need to be deposited into a bank account when lodging using the electronic lodgment service (ELS).

Depending on an agent's arrangement with their clients, refunds can be deposited straight into their bank account, or if the agent operates with a trust account, they can be directed into the trust account on the client's behalf.

 


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