Effect of mistaken quotation of tax file number
299TA Effect of mistaken quotation of tax file number
The Commissioner of Taxation (the Commissioner) may give the trustee of an eligible superannuation entity or a regulated exempt public sector superannuation scheme notice of the tax file number of a beneficiary of the entity or scheme if:
the trustee has made a record of a number (the recorded TFN) the trustee believes to be the tax file number of the beneficiary; and
the Commissioner is satisfied that the recorded TFN:
has been cancelled or withdrawn since it was quoted; or
is otherwise wrong; and
the Commissioner is satisfied that the beneficiary has a tax file number.
The beneficiary is taken to have quoted his or her tax file number to the trustee in connection with the operation or the possible future operation of this Act and the other Superannuation Acts at a time if:
the Commissioner gives the trustee of an eligible superannuation entity or a regulated exempt public sector superannuation scheme a notice under subsection (1); and
had the recorded TFN been the tax file number of the beneficiary, the beneficiary would have quoted his or her tax file number to the trustee in that way at the time.
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