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The Tax Manager Account caters for the taxation needs of businesses by acting as a holding account for GST and other taxation instalments. Your business can conveniently transfer GST payable (less input tax credits available) to a Tax Manager Account where it will earn a highly competitive rate of interest until it needs to be sent to the Australian Taxation Office. Direct payments can be made to the ATO using our BPay facility.
Key Features
| Minimum opening balance |
$1 |
| Funds available |
At call |
| Statement frequency |
Quarterly |
| Interest |
- Calculated daily
- Paid quarterly
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| Access to funds: |
- BPay
- counter cheques
- direct debits
- funds transfer – internal & external
- internet banking (iBank)
- telephone banking (Hume Connect)
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| Purpose |
Business use only. | |
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Things you must read
You should read our Interest Rate Sheet, Product Features and Fees and Charges booklets which together form the Product Disclosure Statement for this account (download below), consider the features, terms and conditions that apply to the account and decide if the product is right for you before deciding whether to open an account.
You can also obtain a copy by calling in at any branch.
You should also read these documents:
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