Retirement Savings Accounts Act 1997

PART 11 - TAX FILE NUMBERS  

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

SECTION 143B   EFFECT OF INVALID QUOTATION OF TAX FILE NUMBER  

143B(1)    

The Commissioner of Taxation (the Commissioner ) may give an RSA provider a notice under subsection (2) if:

(a) the provider has made a record of a number (the recorded TFN ) the trustee believes to be the tax file number of the holder of an RSA; and

(b) the Commissioner is satisfied that the recorded TFN:

(i) has been cancelled or withdrawn since it was quoted; or

(ii) is otherwise wrong; and

(c) the Commissioner is not satisfied that the holder has a tax file number.

143B(2)    
The notice must identify the holder and state that the Commissioner is not satisfied that the holder has a tax file number.

143B(3)    
If the Commissioner gives a notice under subsection (2), the Commissioner must give a copy of the notice to the holder.