Retirement Savings Accounts Act 1997

PART 11 - TAX FILE NUMBERS  

Division 4A - Commissioner of Taxation may issue notices about tax file numbers  

SECTION 143C   COMMISSIONER OF TAXATION MAY INFORM RSA PROVIDER OF TAX FILE NUMBER  

143C(1)    
The Commissioner of Taxation (the Commissioner ) may give an RSA provider notice of the tax file number of a person if the Commissioner is satisfied that:

(a) the person is a holder of an RSA provided by the RSA provider, or a person applying to become such a holder; 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.

143C(2)    
However if, before the time the Commissioner gives the notice, the person specifically requests the provider not to record the person ' s tax file number:

(a) the notice is to be disregarded; and

(b) section 140A does not apply to deem the person to have quoted the tax file number to the provider when the notice was given.

Note:

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