Last week, we noted that the Australian Taxation Office (ATO) had warned that tax returns submitted before July 13 might not be processed ahead of that date. Things are going better than expected, with 22,000 returns already finalised.
According to the ATO, 340,000 tax returns have already been submitted. It has finalised 22,000 of them, and says that leaves it " on track to meet our service standard to finalise 94% of returns within 12 business days". Its first full set of processing statistics will be released next week. In the meantime, you can check out our full Tax Week 2012 guide if you're preparing your tax, and download e-tax if you're not working through an agent or accountant.