Bank account debits tax

On 11 May 2005, National Australia Bank announced it had incorrectly collected bank account debits tax totalling some $10 million from 140,000 bank accounts. The bank's announcement included plans to reimburse customers for the $10 million incorrectly collected and a further $4 million in interest owed. However, since the issue may have dated back to the 31 December 1982 introduction of the tax, there were insufficient records to identify all affected customers. == Legislation ==

• Debits Tax Act 1982 (Commonwealth) • Debits Tax Administration Act 1982 (Commonwealth) • Debits Tax Act 1990 (New South Wales) • Debits Tax Act 1990 (Queensland) • Debits Tax Act 1990 (South Australia) • Debits Tax Act 1990 (Tasmania) • Debits Tax Act 1990 (Victoria) • Debits Tax Act 1990 (Western Australia) • Debits Tax Act 1997 (Australian Capital Territory) • Debits Tax Act 1990 (Northern Territory) ==See also==