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COMMONWEALTHAct
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s 46

When Subdivision applies

In force

46 When Subdivision applies

This Subdivision applies if:

(a)

an account or deposit with Bank of South Australia Limited is transferred, or is proposed to be transferred, to the State Bank of South Australia, or to a designated subsidiary of the State Bank of South Australia, under a re-transfer provision; and

(b)

the account or deposit is an investment to which Part VA of the Income Tax Assessment Act 1936 applies; and

(c)

immediately before the transfer or proposed transfer, the investor’s tax file number is or will be taken, because of section 44, to have been quoted to Bank of South Australia Limited in connection with the investment for the purposes of Part VA of the Income Tax Assessment Act 1936; and

(d)

eligible tax file number information in relation to the investment was disclosed to Bank of South Australia Limited under Subdivision A.

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Section 46 — When Subdivision applies — Banking (State Bank of South Australia and Other Matters) Act 1994 (Commonwealth) — Barrister AI