Treasury Laws Amendment (Delivering an Efficient and Trusted Tax System) Act 2026 (58 of 2026)

Schedule 2   Modernising tax administration systems

Income Tax Assessment Act 1936

2   Subsections 202DR(1) and (2)

Repeal the subsections, substitute:

Commissioner may notify trustee of correct tax file number

(1) The Commissioner may notify the trustee of the beneficiary's correct tax file number if the Commissioner is satisfied that:

(a) the tax file number quoted to the trustee:

(i) has been cancelled or withdrawn since it was quoted; or

(ii) is otherwise wrong; and

(b) having regard to the information (if any) that the Commissioner has recorded for the tax file number quoted to the trustee, another number is the tax file number of the beneficiary; and

(c) it is reasonable to notify the trustee of the correct tax file number in the circumstances.

(2) The notice given under subsection (1) is taken to have taken effect on the day on which the cancelled, withdrawn or otherwise wrong tax file number was quoted to the trustee as mentioned in paragraph (1)(a).