I get this error to fix: Financial Institution cannot be added for restricted insolvent account.

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 · Accepted Answer

DanielleATO · Answer

Yes, this is something that you won't be able to update. If the account is insolvent, you can view the account details, but you won't be able to edit/change them. The insolvency team would create a new account and you can update the FID on the new one. But you can't make changes to the original. Make sure you're choosing the new account when updating your FID (https://www.ato.gov.au/tax-and-super-professionals/digital-services/in-detail/online-services-for-agents-user-guide/profile/financial-institution-details?page=27).

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