A-Z index

Not quoting ABN

Withholding from investment income
PAYG withholding applies if a not-for-profit organisation does not provide its ABN or TFN to its investment body. Under the PAYG withholding requirements, investment bodies (such as banks, building societies, unit trusts or public companies) must withhold an amount from the interest or dividends they pay unless you have quoted your ABR or TFN, or have claimed an exemption from quoting your TFN.