Document ID: chunk:federal_register_of_legislation:C2025C00134:section:299tb
Version: federal_register_of_legislation:C2025C00134
Segment Type: section
Provision Reference: s 299TB
Character Range: 975309–976205

299TB  Effect of invalid quotation of tax file number
 (1) The Commissioner of Taxation (the Commissioner) may give the trustee of an eligible superannuation entity or a regulated exempt public sector superannuation scheme a notice under subsection (2) if:
 (a) the trustee has made a record of a number (the recorded TFN) the trustee believes to be the tax file number of the beneficiary; 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 (i) has been cancelled or withdrawn since it was quoted; or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 beneficiary has a tax file number.
 (2) The notice must identify the beneficiary and state that the Commissioner is not satisfied that the beneficiary 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 beneficiary.