Document ID: chunk:federal_register_of_legislation:C2025C00154:section:137
Version: federal_register_of_legislation:C2025C00154
Segment Type: section
Provision Reference: s 137
Character Range: 151434–152794

137  Use of tax file number for certain purposes
 (1) This section applies if a holder, or a person applying to become a holder, of an RSA quotes his or her tax file number to the RSA provider in connection with the operation or the possible future operation of this Act and the other Superannuation Acts.

Obligation to record tax file number
 (2) If the RSA provider does not already have a record of the tax file number, the RSA provider must, as soon as is reasonably practicable after the quotation, make a record of it.

Obligation to retain and later destroy tax file number
 (3) The RSA provider must:
 (a) retain the record until the time (the last retention time) at which:
 (i) if the person is, or becomes, a holder of an RSA—the person ceases to be a holder of an RSA provided by the RSA provider; or
 (ii) if not—the person ceases to be an applicant; and
 (b) unless the tax file number has also been provided for another purpose and is still required for that purpose—destroy the record as soon as is reasonably practicable after the last retention time.

Offence
 (6) An RSA provider that intentionally or recklessly contravenes a requirement of this section commits an offence punishable on conviction by a fine not exceeding 100 penalty units.
Note: Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.