TFN Collection Statement

Supplying your Tax File Number (TFN) is really important as it can affect how much tax you pay on your super, and enables your EISS Super account to accept your after-tax contributions.

We are authorised by law to ask you for your TFN, but you do not have to provide it. If you choose not to provide your TFN, you will be unable to proceed with an online application and you will need to complete a paper version of the application form. 

Under the Superannuation Industry (Supervision) Act 1993, your super fund is authorised to collect your TFN, which will only be used for lawful purposes. These purposes may change in the future as a result of legislative change. If you transfer your super to another fund we may disclose your TFN to the other super provider unless you tell us not to in writing. It is not an offence not to quote your TFN. However, providing your TFN to your super fund will have the following advantages (which may not otherwise apply):

  • Your super fund will be able to accept all types of contributions to your account(s);
  • The tax on employer contributions to your super account(s) will not increase;
  • Other than the tax that may ordinarily apply, no additional tax will be deducted when you start drawing down your super benefits; and
  • It will make it much easier to trace different super accounts in your name so that you receive all your super benefits when you retire.

If you provide your TFN you are giving consent to use your TFN to search for other super you may have:

    • you authorise the trustee to use your TFN to search the ATO SuperMatch database and to recover any super monies held by the ATO in your name and to automatically transfer those monies to your EISS Super account. The monies held by the ATO include superannuation guarantee contributions, superannuation holding accounts, superannuation co-contributions, low income contributions and unclaimed superannuation monies. We will notify you of those amounts transferred to your EISS Super account;
    • searching the ATO SuperMatch database will also provide a list of other superannuation accounts held in your name and we will provide you with information about those accounts and how you can consolidate them with your EISS Super account

Once you have provided your consent above, it will remain effective until such time as you advise us to remove it. To remove consent please contact us.

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