Retirement Savings Accounts Act 1997
143BEffect of invalid quotation of tax file number
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143B Effect of invalid quotation of tax file number
(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number of the holder of an RSA; and (b) the Commissioner is satisfied that the recorded TFN: (i) has been cancelled or withdrawn since it was quoted; or (ii) is otherwise wrong; and (c) the Commissioner is not satisfied that the holder has a tax file number. (2) The notice must identify the holder and state that the Commissioner is not satisfied that the holder has a tax file number. (3) If the Commissioner gives a notice under subsection (2), the Commissioner must give a copy of the notice to the holder.