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

4   Paragraph 202DR(4)(b)

Repeal the paragraph, substitute:

(b) the Commissioner is not satisfied that:

(i) 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; or

(ii) it is reasonable to notify the trustee of the correct tax file number under subsection (1); or

(iii) the beneficiary has a tax file number;