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| 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 from 1 July 2007. Please refer to the Frequently Asked Questions section of the APRA website to obtain further guidance on the collection of TFNs. |
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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.
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 the changes arising from the Simpler Superannuation plan which take effect on 1 July 2007.
