History
S 140N(4) amended by
No 101 of 2006
, s 3 and Sch 2 item 355, by amending references to repealed inoperative provisions, effective 14 September 2006. For application and savings provisions see the
CCH Australian Income Tax Legislation archive
.
S 140N(4) amended by No 165 and No 94 of 1999 and inserted by No 147 of 1997.
S 140N repealed by No 15 of 2007, s 3 and Sch 1 item 6, applicable to the 2007-2008 income year and later years. S 140N formerly read:
SECTION 140N QUOTATION OF TAX FILE NUMBERS
140N(1)
Quotation of tax file number to payer of benefit.
If:
(a)
an ETP is made in relation to a person; or
(b)
the first payment of a superannuation pension is made to a person; or
(c)
the first payment of an annuity is made to a person;
the person may quote his or her tax file number to the payer.
140N(2)
Method of quotation.
A person quotes a tax file number to the payer by informing the payer of the number in a manner approved by the Commissioner.
140N(3)
Person quoting.
The payer may be so informed by the person or by another person acting for that person.
140N(4)
Automatic quotation of TFN for certain CGT exempt ETPs.
If:
(a)
the ETP is covered by former subsection 160ZZPZE(4) of this Act or subsection
152-310(2)
of the
Income Tax Assessment Act 1997
; and
(b)
the person has a tax file number;
the person is taken to have quoted the tax file number to the payer when the ETP was made.
Note:
The reason for this rule is that, in such cases, the person and the payer are the same person.
History
S 140N(4) amended by
No 101 of 2006
, s 3 and Sch 2 item 355, by amending references to repealed inoperative provisions, effective 14 September 2006. For application and savings provisions see the
CCH Australian Income Tax Legislation archive
.
S 140N(4) amended by No 165 and No 94 of 1999 and inserted by No 147 of 1997.
View history note
Hide history note