Skip to content
Skip to main menu
Australian Government - Stronger Super website

Exposure Draft – Using Tax File Numbers as a Primary Locator and to Facilitate Account Consolidation

Treasury has released draft regulations to support legislation providing for the expanded use of tax file numbers.  The legislation provides that superannuation fund trustees and retirement savings account providers can use tax file numbers as a primary locator of member accounts, and from 1 January 2012, in order to facilitate consolidation of multiple member accounts.  The regulations safeguard member information and privacy by providing rules for member consent, and procedures that must be followed by superannuation fund trustees and retirement savings account providers when using an individual’s tax file number.

This consultation closed on Friday, 25 November 2011.

Consultation Documents

  PDF RTF
Exposure Draft - Superannuation Industry (Supervision) Regulations 1994 159KB 391KB
Exposure Draft - Retirement Savings Account Regulations 1997 156KB 385KB
Explanatory Commentary 121KB 64KB