We are required to tell you the following things before you provide your tax
file number to the trustee of CareSuper. Your TFN is
confidential, and you should know the following things before you decide to provide
it:
- We can collect your tax file number under the Superannuation Industry
(Supervision) Act 1993.
- If you do provide your tax file number to us, we will use it only for legal purposes.
This includes finding or identifying your superannuation benefits where other
information is insufficient, calculating tax on any eligible termination payment you
may be entitled to, and providing information to the Commissioner of Taxation
(amongst other things to enable the Commissioner of Taxation to assess any
surcharge payable on superannuation contributions made by or for you). These
purposes may change in future.
- It is not an offence if you choose not to quote your tax file number. But if you
don’t tell us your tax file number, either now or later, you may pay more tax on
your benefits than you have to AND surcharge (which may not have been payable
if you had provided your TFN) may be payable on contributions made by or for
you. In some circumstances the surcharge may be reclaimed through the
Australian Taxation Office. It may also be more difficult to locate or amalgamate
your superannuation benefits in the future to pay you any benefits you are entitled
to. These consequences may change in future.
- If you provide your tax file number to us, we may provide it to the trustee of
another superannuation fund or to an RSA provider where that RSA provider or
trustee is to receive your transferred benefits in the future. We won’t pass your
tax file number to such a trustee or RSA provider if you tell us in writing that you
don’t want us to do that. We may also give it to the Commissioner of Taxation.
Otherwise your tax file number will be treated as confidential.
If you have any questions about your rights under the privacy legislation, please
call 1300 360 149.
