We have found an error where the imputation credits for dividends on shares held jointly were incorrectly prefilled into some returns at a reduced amount. This has caused the imputation credits to be understated in those income tax assessments. About 4,500 customers are affected.
We are working on a fix and will notify affected customers shortly. We'll correct the error and advise customers of any changes to their assessment. For clients of tax agents, this will follow the standard mail redirect rules.
If you are a tax agent, there are no immediate actions that you need to do.
If an affected client contacts you, please reassure them that we’re working on a solution and they will receive a notification soon. Please hold off submitting amendments until we confirm the correction has been applied.