Document ID: chunk:federal_register_of_legislation:C2004A04745:body:0:p18
Version: federal_register_of_legislation:C2004A04745
Segment Type: other
Provision Reference: 
Character Range: 44013–46809

requires, because of section 202EB of the Income Tax Assessment Act 1936—information given by the investor as mentioned in subsection 202EB(1) of that Act; or

    (e) if the investor is taken to have quoted the investor's tax file number to the State Bank of South Australia or the designated subsidiary, as the case requires, because of section 202EC of the Income Tax Assessment Act 1936—information given by the investor as mentioned in subsection 202EC(1) of that Act.

Eligible tax file number information may be disclosed to Bank of South Australia Limited

42. The State Bank of South Australia or the designated subsidiary, as the case requires, may disclose eligible tax file number information in relation to the investment to Bank of South Australia Limited if:

    (a) at least 15 days before the disclosure, the State Bank of South Australia or the designated subsidiary, as the case may be, publishes notices under section 43 about the proposed disclosure; and

    (b) the investor does not object to the disclosure in accordance with either of the notices.

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

43.(1) The State Bank of South Australia or a designated subsidiary of the State Bank of South Australia may cause to be published in both:

  (a) a newspaper circulating generally throughout Australia; and

  (b) a newspaper circulating generally throughout South Australia;

a notice, in a form approved by the Commissioner, that:

     (c) states that the State Bank of South Australia or the designated subsidiary, as the case may be, proposes to disclose specified kinds of eligible tax file number information to Bank of South Australia Limited; and

     (d) states that an investor concerned may give the State Bank of South Australia or the designated subsidiary, as the case requires, a written objection within 14 days after the publication of the notice; and

     (e) states that if an investor lodges such an objection, the information will not be disclosed to Bank of South Australia Limited; and

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

(2) Notices under subsection (1) that relate to the same proposal must be published on the same day.

Consequences of disclosure of eligible tax file number information to Bank of South Australia Limited

44.(1) If eligible tax file number information in relation to an investment is disclosed to Bank of South Australia Limited under this Subdivision, the investor is taken, for the purposes of Part VA of the Income Tax Assessment Act 1936:

     (a) to have quoted his or her tax file number to Bank of South Australia Limited under Division 4 of that Part in connection with the investment; and

     (b) to have so