One of the stated tax return processing aims for the Australian Taxation Office is to handle 94 per cent of electronically-submitted returns within 14 days. What figure did it ultimately achieve this year between July and October? 93 per cent.
The ATO figures show that it actually hit the 94 per cent target in August and September, but dropped to 92 per cent in July and October. A total of 8.25 million returns were lodged in that period. As of the end of November, the ATO says 99 per cent of returns submitted before the October 31 cut-off have now been processed. That's not a bad outcome, unless you're one of the 82,500 people who hasn't yet been completed.