Provision
50
.(1) If eligible tax file number information in relation to an investment is disclosed to the State Bank of South Australia, or to a designated subsidiary of the State Bank of South Australia, 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 the State Bank of South Australia or to the designated subsidiary, as the case requires, 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 the State Bank of South Australia, or to a designated subsidiary of the State Bank of South Australia, under this Subdivision; and
the eligible tax number information was 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
The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.