According to the ATO, the fastest, most secure way to receive a tax refund is to have it paid directly into a nominated Australian bank account using electronic funds transfer (EFT).
From 1 July 2013, individual tax returns will generally require bank account details, including BSB and account number, to be entered, where a refund is expected.
Joint accounts and trust accounts will be acceptable.
Refunds will no longer be paid by cheque. Failing to provide bank details will delay the refund.
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