Document ID: chunk:federal_register_of_legislation:C2025C00014:section:102uv
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 102UV
Character Range: 886539–887745

102UV  Trustee of closely held trust may record etc. tax file number
 (1) This section applies if a trustee beneficiary in respect of:
 (a) a share of the net income of a closely held trust for a year of income that is included in the assessable income of the trustee beneficiary of the trust under section 97; or
 (b) a share of a tax‑preferred amount of a closely held trust to which the trustee beneficiary of the trust is presently entitled at the end of a year of income;
quotes his or her tax file number to the trustee of the closely held trust in connection with that trustee making a correct TB statement about that share.
 (2) Section 8WB of the Taxation Administration Act 1953 does not prohibit the trustee of the closely held trust from:
 (a) recording the tax file number or maintaining such a record; or
 (b) using the tax file number in a manner connecting it with the identity of the trustee beneficiary; or
 (c) divulging or communicating the tax file number to a third person;
in connection with that trustee making a correct TB statement about that share.

Division 6E—Adjustment of Division 6 assessable amount in relation to capital gains, franked distributions and franking credits