Since our last look at the current state of tax refund processing, things don’t seem to have changed much. The ATO has now received 4.68 million returns, finalised 3.84 million and given 3.46 million refunds with a total value of $8.15 billion. That means 90 per cent of us are getting a refund, with an average amount of $2353.
The last update included the revelation that the ATO was just marginally behind its stated target of processing 94 per cent of electronically-submitted returns within 14 days. There’s no new figures on that target this time around, so I’m imagining it is still hovering in the low 90s somewhere.
Leave a Reply
You must be logged in to post a comment.