07 May 07 Simpler super and TFNsIn a broadcast message sent to tax agents on 3 May 2007, the ATO advised that it will send a letter to 1.85 million superannuation fund members, who it has identified as not having quoted their tax file number (TFN) to their superannuation fund/s, from Monday 7 May 2007.
The letter advises the superannuation fund member that:
- ATO records show that their superannuation fund/s may not have their TFN
- the ATO intends to give the member’s TFN to their superannuation fund/s unless the member tells the ATO not to
- the consequences arising from the superannuation fund/s not having the member’s TFN, and
- they have 28 days to tell the ATO not to give their TFN to their superannuation fund/s and how to contact the ATO.
For a copy of the ATO broadcast, go here