Taxation Administration Act 1953

396-60(1)
For the purposes of section 396-55 , the information required by the *approved form about a transaction (other than a transaction described in table item 5 in that section):

(a) must relate to:

(i) the identification, collection or recovery of a possible *tax-related liability; or

(ii) the identification of a possible reduction of a possible tax-related liability;

of a party to the transaction (disregarding any exemption under a *taxation law that may apply to those parties); and

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(b) may relate to identifying the parties to the transaction; and

(c) for a transaction described in table item 3 in that section - may include the *tax file numbers of those parties to the transaction who have quoted their tax file numbers to the State or Territory concerned.

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Transactions involving market participants

396-60(2)
For the purposes of section 396-55 , the information required by the *approved form about a transaction described in table item 5 in that section must relate to identifying the parties to the transaction.

Some reporting entities may request tax file numbers

396-60(3)
A State or Territory may request an entity to quote the entity ' s *tax file number to the State or Territory if:

(a) the tax file number is for a report by the State or Territory under section 396-55 about a transaction described in table item 3 in that section; and

(b) the entity is a party to the transaction.

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