From 1st July 2013, the Tax Office will require individuals expecting a refund to provide bank account details to process the refund via EFT. This means the days of receiving a cheque for your refund, attached to the bottom of your assessment notice, are over. All refunds arising from the lodgement of individual income tax returns will now be electronically transferred.
Naturally, if you're a Dewings client, we'll make sure that we have asked you for your bank account details before lodging your return, to ensure there is no disruption to the timely receipt of your refund.
You can read more about the change at the Tax Office website.