Electronic funds transfer (EFT) code validation specification and test scenario v2.0

Version: 

2.0

Original Published Date: 

25/09/2013 - 11:30am

Status: 

  • Current

Tax Category: 

  • Payroll
  • Tax preparation
  • Business accounting
  • Superannuation

Resource Type: 

  • Specifications
  • Test scenarios

Description: 

This document is provided to software developers to enable them to enhance their product by incorporating official Tax Office EFT code validation rules. The receipt of a valid code by the Tax Office should ensure client accounts are credited with the payment without delay. It is the intention of the Tax Office to encourage incorporation of this front-end validation of the EFT code into software used by clients to make payments to the Tax Office .

This specification outlines the valid format of the EFT code and the algorithm which should be used to validate the code.

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