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Schedule 6—Amendments relating to employee commencement

Schedule 6 Amendments relating to employee commencement

Part 1 Disclosure of tax file numbers

Income Tax Assessment Act 1936

1  Section 202CG

Omit all the words after “a payer of the recipient”, substitute:

if:

                     (a)  the recipient provided the number in a TFN declaration to the Commissioner in relation to the payer; or

                     (b)  the recipient made a TFN declaration to the Commissioner in relation to the payer that included a statement referred to in subsection 202CB(2).

2  Application

The amendment made by this Part applies in relation to a TFN declaration made on or after 1 July 2018.

Part 2 Withholding information

Taxation Administration Act 1953

3  Subsection 355-50(2) in Schedule 1 (at the end of the table)

Add:

 

11

a payer (within the meaning of Part VA of the Income Tax Assessment Act 1936 ) in relation to whom an individual has made a * TFN declaration that is in effect

(a) is of a matter that relates to the individual’s income tax or other liability referred to in paragraph 11-1(b), (ca), (cb), (cc), (cd), (da) or (db); and

(b) is for the purpose of assisting the individual to give a declaration under section 15-50 to the payer; and

(c) is made as the result of a request made by the individual to the Commissioner

 

Part 3 Superannuation choice

Taxation Administration Act 1953

4  Subsection 355-65(3) in Schedule 1 (at the end of the table)

Add:

 

11

An employer (within the meaning of the Superannuation Guarantee (Administration) Act 1992 ) of an individual

is for the purpose of:

(a) informing the individual of one or more of his or her * superannuation interests; or

(b) assisting the individual to choose whether to maintain or create a superannuation interest; or

(c) assisting the individual to give effect to such a choice