Commonwealth Consolidated Acts

RETIREMENT SAVINGS ACCOUNTS ACT 1997 - SECT 143B

  (1)   The Commissioner of Taxation (the Commissioner ) may give an RSA provider a notice under subsection   (2) if:

  (a)   the provider has made a record of a number (the recorded TFN ) the trustee believes to be the tax file number of the holder of an RSA; and

  (b)   the Commissioner is satisfied that the recorded TFN:

  (i)   has been cancelled or withdrawn since it was quoted; or

  (ii)   is otherwise wrong; and

  (c)   the Commissioner is not satisfied that the holder has a tax file number.

  (2)   The notice must identify the holder and state that the Commissioner is not satisfied that the holder has a tax file number.

  (3)   If the Commissioner gives a notice under subsection   (2), the Commissioner must give a copy of the notice to the holder.