Income Tax Assessment Act 1936

For the purposes of this Part, a person to whom this section applies shall be taken to have quoted his or her tax file number under Division 4 in connection with the investment if the investment body concerned is given the following information by the person in a manner approved by the Commissioner:

the person’s full name;

the nature of the pension, benefit or allowance by virtue of the payment of which the person is a person to whom this section applies.

A person who, as a person to whom this section applies, is taken, because of this section, to have quoted his or her tax file number in connection with an investment shall continue to be taken to have, because of this section, quoted the number in connection with the investment until the Commissioner gives a written notice to the person to the effect that the person is no longer entitled to exemption under this section.

The Commissioner may not give a notice under subsection (3) until the person has ceased to be a person to whom this section applies.

A person to whom this section applies is a person who is being paid:

one of the following:

an age pension under Part 2.2 of the Social Security Act 1991;

a disability support pension under Part 2.3 of that Act;

a carer payment under Part 2.5 of that Act;

a parenting payment that is a pension PP (single) under Part 2.10 of that Act;

a special benefit under Part 2.15 of that Act;

a special needs pension under Part 2.16 of that Act; or

a pension under Part III of the Veterans’ Entitlements Act 1986; or

income support supplement under Part IIIA of the Veterans’ Entitlements Act 1986.