Transferring funds to the Australian Taxation Office

If you are an individual or business in New Zealand and you need to transfer money to the Australian Tax Office (ATO), or you have clients who do, it’s just become a whole lot easier for you to safely transfer money overseas to the Australian Government. OFX now has a platform to transfer secure international payments directly to the ATO from anywhere, anytime. Read on to find out everything you need to know about transferring money to the Australian taxation office when you live in New Zealand.

 

Why might New Zealanders need to send money to the ATO?

There is a range of reasons why both individuals and businesses in New Zealand might need to send payments to the ATO:

Individuals

  • Expat Australians living in New Zealand who need to make HECS/HELP payments for their university loans.
  • New Zealanders or expat Australians who have sold assets for a profit in Australia and who therefore need to pay capital gains tax (CGT).
  • New Zealanders or expat Australians who have earned Australian taxable income and who therefore need to pay Australian income tax.
  • New Zealanders or expat Australians who need to make child support payments for a child living in Australia.

Businesses

  • New Zealand companies who operate in or have accounts in Australia and who therefore need to pay company tax and/or goods and services tax (GST).
  • New Zealand companies that are expanding into Australia.

 

The benefits of using the OFX platform

The OFX platform to transfer international funds to the ATO comes with a range of benefits:

  • There are no fees to use it (not even currency conversion fees!). So you get the peace of mind that your funds will securely make their way to the Australian Taxation Office.
  • The transfer is secure and immediately reconciled with the client’s ATO records by using the ATO’s unique payment reference number (PRN). You can transfer with confidence knowing your money has landed directly with the ATO.
  • The transfer process is simple and fast. You can register to use the platform, and 80% of all international currency transfers can be made within 24 hours.
  • Payments can be transferred from more than 20 international currencies.
  • The international funds transfer platform has 24/7 OFX support, so if you run into issues trying to send money to the ATO, someone is available to help you through it.
  • OFX is an ASX-listed company, and you (or your clients) can rest assured that the operations are monitored by over 50 global regulators.

 

The process of using OFX to transfer money to the ATO

It's incredibly simple to transfer money to the Australian Taxation Office from New Zealand whether you already use OFX or not.

Current OFX users

If you already use OFX, simply log in here and select the ATO as a recipient to make the secure transfer.

  • Then choose your currency and enter the payment amount.
  • Enter your Payment Reference Number (PRN) from the ATO statement.
  • Transfer the money to OFX.
  • The funds then land with the ATO.

New OFX users

If you have not used OFX before, simply register here and select the ATO as your recipient.

  • Enter the Payment Reference Number (PRN) shown on your ATO statement.
  • Transfer the money to OFX.
  • The funds then land with the ATO.

The service is incredibly quick, simple and doesn't cost you a thing to use.

 

What about making payments to the IRD?

If you're outside of New Zealand, OFX also offers a secure payment transfer service to the Inland Revenue Department(IRD). This service is also fee-free and very simple.

 

If you’re living in New Zealand and need to make a stress-free payment to the Australian Taxation Office, OFX has got your back.