BPAY Partial Refunds - new code on the BPAY reports
We're making changes to the BPAY Prepared Report 1003 files you may receive from 24 April 2020.
What do I need to know?
Previously, any request for BPAY refunds have only been able to be returned to the Payer in full. NAB is implementing the capability to return part of a BPAY payment upon Biller approval.
A new code (006 Partial Refund) may now appear in field 7 within your prepared report.
This code will only appear if you have authorised a Partial Refund to one of your payers. There are no other changes to this report.
What do I need to do?
If your business utilises this report, you may need to make changes to your accounting system before 24 April 2020 to ensure the new code can be read. Please seek advice from your IT team or technology partner to confirm the specific action you need to take.
