Consequences of disclosure of eligible tax file number information to Bank of South Australia Limited
44 Consequences of disclosure of eligible tax file number information to Bank of South Australia Limited
.(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:
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
to have so quoted his or her tax file number at whichever is the later of the following times:
the time when the disclosure of the eligible tax file number information occurred;
the time when the transfer of the investment occurred.
For the purposes of subsection 202DG(2A) of the Income Tax Assessment Act 1936, if:
eligible tax file number information in relation to an investment is disclosed to Bank of South Australia Limited under this Subdivision; and
the eligible tax file number information is covered by paragraph 41(a);
the investor is taken to have actually quoted his or her tax file number under Division 4 of Part VA of that Act.
Modification of subsection 202EC(4) of the Income Tax Assessment Act 1936
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