FIRST HOME SAVER ACCOUNTS ACT 2008 (REPEALED)

PART 5 - ADMINISTRATION  

Division 2 - Tax file numbers  

Subdivision C - Incorrect quotation of tax file number  

SECTION 67   Effect of invalid quotation of tax file number  

67(1)    
The Commissioner may give an FHSA provider a notice under subsection (2) if:

(a) the provider has made a record of a number (the recorded TFN ) the FHSA provider believes to be the tax file number of the holder of an FHSA; and

(b) the Commissioner is satisfied that the recorded TFN:

(i) has been cancelled or withdrawn since it was quoted; or

(ii) is otherwise wrong; and

(c) the Commissioner is not satisfied that the holder has a tax file number.

67(2)    
The notice must:

(a) identify the holder; and

(b) state that the Commissioner is not satisfied that the holder has a tax file number; and

(c) describe the operation of the following provisions that results from the notice being given:

(i) (Repealed by No 92 of 2008)

(ii) section 26 (limit on contributions to FHSA);

(iii) sections 32 , 32A , 34 and 35 (limit on payments from FHSA).

67(3)    
If the Commissioner gives a notice under subsection (2), the Commissioner must give a copy of the notice to the holder.

67(4)    
If the Commissioner gives the FHSA provider notice of the person ' s tax file number at a later time, the Commissioner must at that time also give the FHSA provider a written revocation of the notice under subsection (2).