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Tax File Number Approvals

What's New
Last Updated: 29 June 07
 

APRA has made revised TFN Approvals under Part 25A of the SIS Act and Part 11 of the RSA Act. The TFN Approvals reflect the changes arising from the Simpler Superannuation plan which take effect from1 July 2007. Please refer to the Frequently Asked Questions section of the APRA website to obtain further guidance on the collection of TFNs.

  
 
Tax File Number Approval under Part 25A of the SIS Act

Part 25A of the Superannuation Industry (Supervision) Act (SIS) contains requirements regarding the collection and use of members' tax file numbers (TFNs) by trustees of superannuation funds and approved deposit funds. It requires that TFNs be quoted in a manner approved by APRA. APRA has now issued a revised Approval that reflect the changes arising from the Simpler Superannuation plan which take effect on 1 July 2007.

Explanatory Statement
Tax File Number Approval under Part 11 of the RSA Act

Part 11 of the Retirement Savings Accounts Act 1997 Act (RSA Act) which came into effect from 1 July 1997 contains provisions regarding the collection and use of TFNs by RSA providers and requires that TFNs be quoted in a manner approved by APRA. APRA has now issued a revised Approval that reflect the changes arising from the Simpler Superannuation plan which take effect on 1 July 2007.