Collection of Tax File Numbers

We are required to tell you the following details before you provide your Tax File Number (TFN) for your superannuation product.

• The trustee is authorised to collect your TFN under the Superannuation Industry (Supervision) Act 1993.
• You are under no obligation to provide your TFN, either now or later, and it is not an offence to not quote your TFN.

However, if you don't tell us your TFN:

• Any Employer Contributions will have the "No-TFN tax" applied at the rate of 31.5%. This is in addition to the current mandated contribution tax of 15%. "No-TFN tax" may be refunded if the TFN is supplied within 4 financial years of the end of the financial year in which the contribution is made.
• We may have to withhold more tax than we would otherwise have to on your superannuation lump sum benefits and income payments if you do not provide your TFN. This additional tax may be able to be re-claimed in your next tax assessment with the Australian Taxation Office.
• We cannot accept personal contributions (non-concessional) and certain other types of contributions.
• In the future, when we need to pay benefits to you, it may be more difficult for us to locate or amalgamate all the superannuation benefits you are entitled to.
• The consequences of not providing your TFN may change in the future as a result of further legislative changes.

If you do tell us your TFN, we will treat it as confidential and use it for purposes, including:

• To find your superannuation benefits, where other information is insufficient.
• To ensure you can continue to contribute to your account.
• To calculate tax on any superannuation benefits you may be entitled to.
  
• If we are paying unclaimed money, we must give your TFN to the Commissioner of Taxation.
• Also we may give your TFN to the Commissioner of Taxation if you receive a benefit, or for the purposes of the Lost Members' Register.
• If you wish to transfer benefits to another superannuation fund or Retirement Savings Account we would provide your TFN to the Trustee of that other fund or Retirement Savings
• Account provider. However, if you do not want us to do this, you can notify us in writing at the time not to do so.
• Where you ask us to perform a Lost Super Search on your behalf, we will provide your TFN to the ATO.
• We will also update your superannuation product with your TFN if supplied during the application form or at a later date.

These purposes may change in the future as a result of further legislative changes.

More information about the use of Tax File Numbers for superannuation changes can be obtained from the Australian Taxation Office Superannuation Hotline 13 10 20.