From the 2013 year, all refunds for individual tax returns were deposited directly into the taxpayers bank account.
The ATO has announced that from the 2014 year, direct deposit of refunds will be expended to include:
• Individual income tax returns
• Company income tax returns
• Trust income tax returns
• Self-managed super fund annual returns
• Fringe benefits tax returns
Therefore, these entities will also need to provide their bank account details when returns are lodged.