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Tax file number approvals

Information about tax file number approvals (TFNs) for Registrable Superannuation Entities (RSE) licensees.

TFN approval instruments

APRA has made revised TFN approvals in 2017 under Part 25A of the Superannuation Industry (Supervision) Act 1993 (SIS Act) and Part 11 of the Retirement Savings Accounts Act 1997 (RSA Act).

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 SIS Act 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.

Tax file number approval under Part 11 of the RSA Act

Part 11 of the RSA Act contains requirements regarding the collection and use of RSA holders' tax file numbers (TFNs) by RSA providers. It requires that TFNs be quoted in a manner approved by APRA.

TFN obligations

For more information about our TFN obligations:

TFN penalties

The list below is provided in accordance with subparagraph 13(1)(d) of the Privacy (Tax File Number) Rule 2015. The list identifies 'prohibitions on the collection, recording, use and disclosure of TFN information', and the potential associated penalties.

See section 4AA of the Crimes Act 1914 for the current value of the penalty unit.

Prohibitions on the collection, recording, use and disclosure of TFN information, and the potential associated penalties

Act

Section​

​Penalty

​Privacy Act 1988

​s. 13(4) - Interference with privacy of an individual

​(not exceeding)

2.000 penalty units

​s. 13G - Serious and repeated interference with privacy

​s. 36(1) - Complaints

Retirement Saving Accounts Act 1997​

​s. 137 - Obligation to destroy TFNs

​​(not exceeding)

100 penalty units

​Superannuation Industry (Supervision) Act 1993

​ss. 299H, 299J & 299L - Obligations to destroy TFNs

​100 penalty units

​s. 299N - Trustee of regulated exempt public sector superannuation scheme (EPSSS) may inform RSA provider or other trustee of TFN for certain purposes

​(not exceeding)

100 penalty units

​s. 299Y - Trustee of former regulated EPSSS to destroy records of TFNs

​100 penalty units - s.2

50 penalty units - s.3

​Tax Administration Act 1953

​s. 8AW - Unauthorised requirement etc. that TFN be quoted

​100 penalty units or imprisonment for two years or both ​

​s. 8WB - Unauthorised recording etc. of TFN