Section 102UU — Income Tax Assessment Act 1936: Trustee beneficiary may quote tax file number to trustee of closely held trust

A trustee beneficiary in respect of: (a) a share of the net income of a closely held trust for a year of income that is included in the assessable income of the trustee beneficiary of the trust under section 97; or (b) a share of a tax-preferred amount of a closely held trust to which the trustee beneficiary of the trust is presently entitled at the end of a year of income; may quote his or her tax file number to the trustee of the closely held trust in connection with that trustee making a correct TB statement about that share. Note: Section 8WA of the Taxation Administration Act 1953 makes it an offence for a person to require or request another person to quote the other person’s tax file number unless provision is made by a taxation law for the other person to quote the number.