Printed from https://fyi.org.nz/request/3915-process-changes-now-that-banks-exchange-transactions-throughout-the-day on November 05, 2025 02:04

Process changes now that banks exchange transactions throughout the day

Phil Lyth made this Official Information request to Inland Revenue Department

The request was successful.

From: Phil Lyth

Dear Inland Revenue Department,

1. You'll be aware that now banks exchange transactions, and credit customers' accounts, throughout the day rather than overnight as previously. (See top of page 51 of Reserve Bank's Financial Stability Report Nov 2015,
http://www.rbnz.govt.nz/-/media/ReserveB...

2. I'd like to ask what process changes you have put in place to reflect this.

3. I am only interested in payments to/from IRD reflecting taxes and transfers that are IRD's core business - excluding things like payments to suppliers of goods and services used by IRD

4. Only seeking a high level description of changes, not great detail.

5. Some specific Qs, but not to limit the above broad request in #2 above::

6. Does IRD receive detail of transactions throughout the day from its bank, or just once a day?

7. Does IRD update taxpayer records throughout the day as payments are received, or just once a day?

8. Does IRD send payments (including but not limited to refunds) throughout the day, or just once a day?

Happy to receive any request you may have for clarification or for greater specificity.

Yours faithfully,

Phil Lyth

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From: Commissioners Correspondence
Inland Revenue Department

Attachment P Lyth.pdf
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Good afternoon,

 

On behalf of Christina Goodall, Manager Commissioner's
Correspondence, please find attached an acknowledgement of your Official
Information Act request.

 

 

Manager Commissioner's Correspondence

 

 

This email and any attachment may contain confidential information. If you
have received this email or any attachment in error, please delete the
email / attachment, and notify the sender. Please do not copy, disclose or
use the email, any attachment, or any information contained in them.
Consider the environment before deciding to print: avoid printing if you
can, or consider printing double-sided. Visit us online at ird.govt.nz

Link to this

From: Commissioners Correspondence
Inland Revenue Department

Attachment P Lyth.pdf
48K Download View as HTML

Good morning,

 

Please find attached a response to your Official Information Act request. 

 

 

Manager Commissioner's Correspondence

 

This email and any attachment may contain confidential information. If you
have received this email or any attachment in error, please delete the
email / attachment, and notify the sender. Please do not copy, disclose or
use the email, any attachment, or any information contained in them.
Consider the environment before deciding to print: avoid printing if you
can, or consider printing double-sided. Visit us online at ird.govt.nz

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