Document ID: chunk:federal_register_of_legislation:F2017L01262:body:0:p3
Version: federal_register_of_legislation:F2017L01262
Segment Type: other
Provision Reference: 
Character Range: 5200–8052

be told to the beneficiary, or applicant to become a beneficiary, orally or in writing.

   3.        A trustee may provide information relating to the request for the tax file number in addition to the information in paragraph 1, provided it is not inconsistent with the information in paragraph 1.

   4.        The information in paragraph 1 may be told to the beneficiary, or the applicant to become a beneficiary, using the following form of words:

   Under the Superannuation Industry (Supervision) Act 1993, your superannuation fund is authorised to collect, use and disclose your tax file number.

   The trustee of your superannuation fund may disclose your tax file number to another superannuation provider, when your benefits are being transferred, unless you request the trustee of your superannuation fund in writing that your tax file number not be disclosed to any other superannuation provider.

   Declining to quote your tax file number to the trustee of your superannuation fund is not an offence. However giving your tax file number to your superannuation fund will have the following advantages:

         * your superannuation fund will be able to accept all permitted types of contributions to your account/s;

         * other than the tax that may ordinarily apply, you will not pay more tax than you need to - this affects both contributions to your superannuation and benefit payments when you start drawing down your superannuation benefits; and

         * it will make it much easier to find different superannuation accounts in your name so that you receive all your superannuation benefits when you retire.

   5.        Nothing in this approval is intended to prevent a tax file number being requested or provided orally or in writing (including by means of electronic transfer of information).

Manner of a beneficiary or an applicant to become a beneficiary quoting or setting out tax file number

   6.        A beneficiary, or an applicant to become a beneficiary, may quote or set out their tax file number to a trustee orally or in writing if the trustee has made a request that complies with paragraphs 1 to 5.

Manner of trustee informing a superannuation provider

   7.        When informing a superannuation provider of a beneficiary's tax file number, the trustee must do so in writing.  However, a tax file number may subsequently be given orally to clarify or complete a tax file number given in writing.

   8.        When informing a superannuation provider of a tax file number, the trustee must give the superannuation provider all information in the possession of the trustee that could reasonably help the superannuation provider to locate or identify the beneficiary and which the beneficiary would reasonably expect to be disclosed.  However, the first trustee shall not be obliged to give the