Author: RachelATO(Community Moderator)Community Moderator 20 Apr 2026
Hi @Sassmonster,
Your statement of account shows a closing balance of zero because we've already applied the $32 you owed from your amended return against your current year refund. This happens automatically during the balancing process.
When you lodge your tax return, we calculate your refund and check it against any debts or obligations you have with us or other government agencies. The statement of account shows all these transactions, including credits and debits. Your notice of assessment shows the total refund amount before any offsets, which is why it appeared higher than what you actually received.
The difference between the expected refund amount on your notice of assessment and what you received is explained by:
- the $32 debt from your amended return being offset automatically
- any other existing debts with us or other government agencies that may have been offset against your refund.
The statement of account provides a detailed breakdown of all credits, debits, and offsets applied to your account. If your notice of assessment shows a different amount to your account balance, the statement of account will explain why.
25 views
2 replies