Fast track to tax cheques.

Feb 4, 2002 (The Age

ABIX via COMTEX) -- The Australian Taxation Commissioner, Michael Carmody, says lodgement of taxation returns via the Internet will speed refunds to taxpayers. Carmody says the goal for the electronic lodgement system is the processing of returns and payment of refunds within 24 hours. It is expected the system will be in place within 18 months, improving the current 14-day refund turnaround time for Internet lodgements. For returns processed in a paper format, it takes the taxation office 42 days to send refunds. In addition, Carmody revealed that paperwork requirements for truck owners claiming diesel fuel rebates would be eased, a move welcomed by the Australian Trucking Association.

AUSTRALIAN TAXATION OFFICE: AUSTRALIAN TRUCKING ASSOCIATION

By Philip Hudson

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  INDUSTRY KEYWORD: Communication Services                   Government Administration  SUBJECT CODE:     ELECTRONIC FILING OF TAX RETURNS -                    AUSTRALIA                    TAX RETURNS - AUSTRALIA                    TAX ACCOUNTING - AUSTRALIA                    TAX REBATES - AUSTRALIA 

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