When Subdivision applies
40 When Subdivision applies
This Subdivision applies if:
an account or deposit with:
the State Bank of South Australia; or
a designated subsidiary of the State Bank of South Australia;
is transferred, or is proposed to be transferred, to Bank of South Australia Limited under a transfer provision; and
the account or deposit is an investment to which Part VA of the Income Tax Assessment Act 1936 applies; and
immediately before the transfer or proposed transfer, the investor’s tax file number is or will be taken, for the purposes of Part VA of the Income Tax Assessment Act 1936, to have been quoted to the State Bank of South Australia or the designated subsidiary, as the case requires, in connection with the investment.
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