Section Sch50-“ 28 — Income Tax Act 2007: Recipient of resident passive income to provide tax file number when RWT not withheld

“ 28 Recipient of resident passive income to provide tax file number when RWT not withheld A person who receives from a payment of resident passive income, that is interest, must provide their tax file number to the payer within 10 working days of receiving a request by notice from the payer, if no requirement to withhold RWT arises because— “ (a) the payment was not made by the payer in the course of, or furtherance of, a taxable activity: “ (b) section RE 10 of the Income Tax Act 2007 applies. ”