Document ID: chunk:federal_register_of_legislation:C2025C00134:section:299tc
Version: federal_register_of_legislation:C2025C00134
Segment Type: section
Provision Reference: s 299TC
Character Range: 976205–977335

299TC  Commissioner of Taxation may inform trustee 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 notice of the tax file number of a person if the Commissioner is satisfied that:
 (a) the person is a beneficiary of the eligible superannuation entity or the regulated exempt public sector superannuation scheme, or an applicant to become such a beneficiary; and
 (b) the person has quoted (for superannuation purposes) (within the meaning of the Income Tax Assessment Act 1997) his or her tax file number to another person.
 (2) However if, before the time the Commissioner gives the notice, the person specifically requests the trustee not to record the person's tax file number:
 (a) the notice is to be disregarded; and
 (b) section 299SA does not apply to deem the person to have quoted the tax file number to the trustee when the notice was given.
Note: A consequence is that provisions that require or permit a trustee to record or use a validly quoted tax file number do not apply.