The fastest, most-secure way for you to receive your tax refund is to have it paid directly into a nominated Australian bank account using electronic funds transfer (EFT). This is called an EFT refund.
EFT refunds are gaining popularity every year as the preferred method of tax refund. EFT refunds
are quick and easy, and greatly reduce paperwork and processes.
From 1 July 2013, individual tax returns will require bank account details including BSB and account number, to be entered when lodging using the electronic lodgement service (ELS), where a refund is expected.
Joint accounts and trust accounts are acceptable.
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Business Accountants to ensure you future refunds will be transferred to the correct bank account.