How long does it take to get my refund?

On average, you should get your refund within 14 to 21 days.

Getting your refund on time depends on the date on which you file your tax return and which work period you report have a definite impact on when you get your money back.

Generally, you can expect a quicker refund if you are reporting income earned before the end of the financial year and expect a long wait if you are reporting work after the close of the tax year. This is because this would require filing an early return with longer processing times.

Student Financial Supplement Scheme (SFSS)

The Student Financial Supplement Scheme (SFSS) is a voluntary loan scheme for students to help cover their expenses while they study.

In the fifth year, the Student Financial Supplement Scheme is taken out, the ATO collects the balance of the outstanding loan. Then, it becomes an accumulated Financial Supplement debt.

Nevertheless, it is no longer in effect since 31 December 2003. The tax system collects the existing Financial Supplement debts. Continue reading “Student Financial Supplement Scheme (SFSS)”