Tips and rumours

Jul 1, 2009

Netbank still struggling

Tipsters tell of more Netbank issues, glitches at the ATO, possible job losses at Rio Tinto and more.

I’m not sure if the tax office is really desperate, but I just received a quarterly PAYG instalment notice that is more (for 1 quarter) than the entire amount of tax I paid last Financial Year. I was expecting an increased amount due to the financial boom we are experiencing, but does the ATO expect that I am going to increase my profits more than fourfold in the next 12 months? A quick check with some business associates confirms that I am not the only one. A glitch? A plan? Not sure. Can’t get through to the ATO and am awaiting a call back.

re: Netbank offline: It’s been like this since yesterday as far as I can tell. This is absolutely ridiculous. I’m behind on rent because of them and living on my credit card as I wasn’t able to transfer the money from my netbank savings account before their system went down. Now I’m sure the automatic transfer is continuing to attempt to withdraw from an empty account. If they decide to charge me their 30 odd dollar dishonour fee for this, I’ll scream. This is the second time the Commonwealth Bank has kept a major folly quiet recently, with all ATM facilities being unusable all Saturday night and Sunday a few months ago – this resulted in me being broke and stranded in the city, calling on friends for a lift – without so much as any kind of apology to us, their customers. Totally unacceptable, I’ll spend the rest of the day looking for a new bank.

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