Superannuation Industry (Supervision) Act 1993

PART 25A - TAX FILE NUMBERS  

Division 3A - Commissioner of Taxation may issue notices about tax file numbers  

SECTION 299TC   COMMISSIONER OF TAXATION MAY INFORM TRUSTEE OF TAX FILE NUMBER  

299TC(1)    
The Commissioner of Taxation (the Commissioner ) may give the trustee of an eligible superannuation entity or a regulated exempt public sector superannuation scheme notice of the tax file number of a person if the Commissioner is satisfied that:

(a) the person is a beneficiary of the eligible superannuation entity or the regulated exempt public sector superannuation scheme, or an applicant to become such a beneficiary; and

(b) the person has quoted (for superannuation purposes) (within the meaning of the Income Tax Assessment Act 1997 ) his or her tax file number to another person.

299TC(2)    
However if, before the time the Commissioner gives the notice, the person specifically requests the trustee not to record the person ' s tax file number:

(a) the notice is to be disregarded; and

(b) section 299SA does not apply to deem the person to have quoted the tax file number to the trustee when the notice was given.

Note:

A consequence is that provisions that require or permit a trustee to record or use a validly quoted tax file number do not apply.