Section 102UV — Income Tax Assessment Act 1936: Trustee of closely held trust may record etc. tax file number

(1) This section applies if 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; quotes 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. (2) Section 8WB of the Taxation Administration Act 1953 does not prohibit the trustee of the closely held trust from: (a) recording the tax file number or maintaining such a record; or (b) using the tax file number in a manner connecting it with the identity of the trustee beneficiary; or (c) divulging or communicating the tax file number to a third person; in connection with that trustee making a correct TB statement about that share.