To help with your tax preparations make sure you retain your July statement which details the interest you have earned on your Credit Union accounts over the 12 months to 30 June 2011.

This information is also available by logging into our Internet Banking service or by using the Rediphone telephone banking service:

Internet Banking

  • Log on to Internet Banking
  • Select “Account Information”
  • Then select “interest”

Rediphone Banking

  • Dial the Rediphone number (02) 9267 7255
  • Enter your Membership Number and #
  • Enter your three (3) digit security PIN and #
  • Select six (6) – for other Rediphone Services
  • Select six (6) – for interest earned over the last financial year

Get your tax refund faster …

If you are expecting a tax refund, you can arrange to have it paid directly to your Credit Union account by notifying the Australian Taxation Office (directly or via your tax agent).

This way you should receive your refund faster, more securely and without fuss.

The details you will need to provide to the Tax Office are:

BSB: 802-825
Account: Your member number

Avoid Unnecessary Withholding Tax!

Check your July statement to make sure you have not incurred Tax File Number Withholding Tax which must be deducted from your interest if you have not provided your Tax File Number at the time of opening your account.

While you can arrange for a refund on your next tax return, to avoid this inconvenience in the future, please contact us so we can note that your tax file number has been provided.

Questions?

If you have any questions, please contact us Enquire Now