Retirement Savings Accounts Act 1997
Subject to subsection (3), if:
(a) a person becomes a holder of an RSA; and
(b) the person has not quoted his or her tax file number to the RSA provider in connection with the operation or the possible future operation of this Act, or of this Act and the other Superannuation Acts, by the time he or she becomes a holder;
the RSA provider must, before the required time (see subsection (2)), request, in a manner approved by APRA, the person to quote his or her tax file number to the RSA provider in connection with the operation or the possible future operation of this Act or, if the request was not made before the commencement of Schedule 2 to the Superannuation Contributions Tax (Consequential Amendments) Act 1997 , the operation or possible future operation of this Act and the Superannuation Contributions Tax (Assessment and Collection) Act 1997 .
[ CCH Note: The ISC issued an " Approval of Manner of Requesting and Informing of Tax File Numbers " on 19 June 1997 under s 135(1), 136(1), 139(a), and for the purposes of s 134.]
View history note
Hide history note136(2) Required time.
The required time is the end of the 30th day after the day on which the person becomes a holder of an RSA.
136(3) Exception.The RSA provider is not required to make the request if, before the request is made, and before the required time, the person quotes his or her tax file number to the RSA provider in connection with the operation or the possible future operation of:
(a) if the quotation was given before the commencement of Schedule 2 to the Superannuation Contributions Tax (Consequential Amendments) Act 1997 - this Act; or
(b) otherwise - this Act and the other Superannuation Acts.
If the RSA provider intentionally or recklessly contravenes the requirement to make the request, it commits an offence punishable on conviction by a fine not exceeding 100 penalty units.
Note:
Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.
If the RSA provider requests the person to quote his or her tax file number to the RSA provider, the person is not obliged to comply with the request.
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