Document ID: chunk:federal_register_of_legislation:C2004A04745:body:0:p20
Version: federal_register_of_legislation:C2004A04745
Segment Type: other
Provision Reference: 
Character Range: 49073–51825

transferred, to the State Bank of South Australia.

(2) Bank of South Australia Limited may disclose the eligible tax file number information in relation to the investment to the State Bank of South Australia if:

     (a) at least 22 days before the disclosure, Bank of South Australia Limited sends the investor a notice under section 49 about the proposed disclosure; and

     (b) the investor does not object to the disclosure in accordance with the notice.

Eligible tax file number information may be disclosed to a designated subsidiary of the State Bank of South Australia

48.(1) This section applies if the investment is transferred, or is proposed to be transferred, to a designated subsidiary of the State Bank of South Australia.

(2) Bank of South Australia Limited may disclose the eligible tax file number information in relation to the investment to the designated subsidiary if:

     (a) at least 22 days before the disclosure, Bank of South Australia Limited sends the investor a notice under section 49 about the proposed disclosure; and

     (b) the investor does not object to the disclosure in accordance with the notice.

Notices telling investors about proposed transfer of eligible tax file number information and inviting objections

49. Bank of South Australia Limited may send an investor a notice, in a form approved by the Commissioner, that:

     (a) states that Bank of South Australia Limited proposes to disclose specified kinds of eligible tax file number information to the State Bank of South Australia or to a designated subsidiary of the State Bank of South Australia; and

     (b) states that the investor may give Bank of South Australia Limited a written objection within 21 days after:

        (i) if the notice is sent by post—the day on which the notice is posted; or

        (ii) if the notice is sent by being delivered to the investor personally—the day of delivery; or

        (iii) if the notice is sent by being left at a particular place or address—the day on which the notice is left at that place or address; and

     (c) states that if the investor lodges such an objection, the information will not be disclosed to the State Bank of South Australia, or to the designated subsidiary, as the case requires; and

  (d) contains such additional information as is required by the form.

Note: Section 28A of the Acts Interpretation Act 1901 sets out the methods of sending notices.

Consequences of disclosure of eligible tax file number information to the State Bank of South Australia or to a designated subsidiary of the State Bank of South Australia

50.(1) If eligible tax file number information in relation to an investment is disclosed to the State Bank of South Australia, or to a