Retirement Savings Accounts Act 1997

PART 11 - TAX FILE NUMBERS  

Division 3 - Quotation, use and transfer of holder's tax file number  

SECTION 138A   PORTABILITY FORMS  

Requesting tax file numbers

138A(1)    
The Commissioner of Taxation may request a holder of an RSA to quote the holder ' s tax file number to the Commissioner in connection with the operation, or the possible future operation, of a scheme prescribed for the purposes of section 39A (Portability forms).

138A(2)    
The holder is not obliged to comply with the request, but the regulations made for the purposes of that section may provide that failure to comply with the request affects whether the Commissioner may pass a request on to the provider of the RSA under the prescribed scheme.

Passing on tax file numbers

138A(3)    
The Commissioner of Taxation may inform the provider of an RSA of the tax file number of a holder of the RSA as part of the Commissioner passing on to the provider a request made by the holder under a scheme prescribed for the purposes of section 39A (Portability forms).

138A(4)    
If the Commissioner does so, the holder is:

(a) taken to have quoted the tax file number to the provider in connection with the operation or the possible future operation of this Act and the other Superannuation Acts; and

(b) taken to have quoted that tax file number at the time when the Commissioner of Taxation informs the provider of the tax file number.