Tax File Number collection statement

Tax File Number collection statement

By submitting this information, you understand and consent to your information being collected, disclosed and used in the manner set out in our Privacy Policy.

Your tax file number (TFN) is confidential and while you don't have to provide it, Media Super cannot process your application online without it.

Under the Superannuation Industry (Supervision) Act 1993, super funds are authorised to collect your Tax File Number (TFN), to be used for lawful purposes. By providing your TFN, you're allowing the Trustee to be able to (but not limited to)

  • Find or identify your super
  • Work out any tax payable
  • Pass your tax file number to the Australian Taxation Office when you receive your super payout or have unclaimed super money after reaching pension age
  • Pass your tax file number to any other super fund or account to which your super is transferred in the future, unless you tell the Trustee in writing not to do so
  • Report details of contributions to the tax office for working out whether any tax is applicable if contributions for you exceed certain limits
  • Where required by law, pass your tax file number to other Government agencies.

If you don't provide your tax file number, now or later:

  • You may pay more tax on contributions made by your employer and certain other contributions made by or for you. In some circumstances, you may be able to claim this back, however time limits and other rules may apply.
  • The Trustee will only be able to accept contributions made for you by your employer; no other contributions, for example post-tax contributions (including personal contributions and some government contributions) can be accepted.
  • You may pay more tax on your super benefit than you would otherwise (although you can claim this back when you lodge your tax return).
  • It may be more difficult to find your super in the future if you change your address without notifying the Trustee, or if you rollover any other super accounts you may have.

The legal purposes for which the Trustee can use your TFN and the consequences for not quoting your TFN may change in the future.

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 Media 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 Media Super account;
  • Searching the ATO SuperMatch database may 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 Media 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.

We're here to help

If you have any questions about the above, don’t feel you have to make these decisions alone. We can help you work through all the questions you need to consider.