Progress update number three on tax refunds from the Australian Taxation Office (ATO) shows we're still working hard on our tax returns: 835,000 were received in the week up until July 30. Of the almost 2.5 million returns received so far, more than 1 million have been submitted using e-tax..
Out of the 2,496,000 returns received as of Monday July 30, 1,353,000 have been finalised, and 1,234,000 refunds have been issued, with a total value of $2.68 billion dollars. That means just under half of all submitted returns and 91 per cent of finalised returns have received a refund, with an average amount of $2171.79. (As we often point out, if you're not expecting a refund, you're less likely to submit a refund.)