Shares

When you first receive your tax file number, you are told how important it is keep it secure and private.

 

Despite this, a lot of people don’t even realise how serious the repercussions can be for failing to protect their TFN from landing in the wrong hands.You will have the same tax file number even if you change your name, jobs, move interstate or go overseas. It’s a crucial part of your identity as an Australian Citizen. It’s your personal reference number in the tax and super systems.

Poor or negligent security of your TFN could result in misuse of your personal details, and even identity theft.

Who can I trust with my tax file number?

Access to your tax file number should only be limited to the following people people and organisations:

  • The Tax Office;
  • Other Australian Government agencies;
  • Employers;
  • Superannuation Funds;
  • Higher education providers;
  • Registered tax agents, solicitors and accountants; and
  • Banks and other financial institutions.

If a request is made for your tax file number by a representative not listed above, you should NOT provide your tax file number.

What should I do if I’ve lost my tax file number?

If you have forgotten or lost your TFN, you should:

  • Look for a notice or letter from the Tax Office;
  • Log on to your myGov account; or
  • Ask your tax agent.

You can also call 13 28 61 to find out your tax file number. The number is available to call 8.00am and 8.00pm Monday to Friday.

I suspect my tax file number may have been stolen or access without my permission!

If you feel that your TFN may have been stolen or accessed by an unauthorised third party, you should contact the Tax Office immediately on 1800 467 033. They can apply security measures that allows them to monitor unusual activity concerning your TFN

Poor or negligent security of your TFN could result in misuse of your personal details, and even identity theft.

My TFN is stolen! What do I do?

If you suspect misuse your tax file number may be stolen. The best thing to do is to phone the ATO’s Client Identity Support Centre on 1800 467 033. The number is available between 8.00am and 6.00pm, Monday to Friday.

The Client Identity Support Centre provides a support service for taxpayers who have had their identities stolen or misused. Information, advice, and assistance will be provided to enable you to re-establish your identity.

 

If you need to know more please click here to get more information from the Australian Tax Office website.

Bryn Robinson – Director

Bryn deals directly with assisting small to medium business clients, whether in early stage or mature, in relation to their Accounting, Taxation, and Business Growth. If you’d like to speak with Bryn about growing your business, contact us.

Tax File Number

Need to know more? Contact us to see how we can help.

Found this information useful?

If you found this post useful, please share!