Important tax information is required
We require some information from you for ATO reporting.
Tax reporting for
the ATO
To ensure we’re correctly reporting to the Australian Taxation Office (ATO), and so your entity can avoid any related tax consequences, we need a few details from you.
Why we're asking you to do this
- BankSA is required by law to provide the ATO with annual customer reports. It’s important that we’re able to report your details accurately as it may affect your entity’s tax assessments
- By collecting this information, we can add it to your entity’s profile and ensure our reporting to the ATO is correct
- In line with global Common Reporting Standards (CRS), this information may be shared by the ATO with tax authorities in other countries.
What you need to do
Complete and return the below form by email to: TaxEntityClassificationBSA@banksa.com.au
Tax Entity Classification form (PDF 701KB)
If you’re located in Australia, the form can also be returned via Reply Paid post addressed to:
Business Identification Team
Reply Paid 91348
SYDNEY NSW 2001
OR
Call our dedicated Business Identification team to provide the information over the phone. Call 1300 301 275 within Australia or +61 2 9155 7550 from overseas, 9am - 5pm AEDT, Monday to Friday.
You’ll need to provide your details by the date included in our communications to you. If we don’t hear from you by then we may need to restrict your account, so it’s important to complete this request as soon as possible.
Relationship managed customers
If requested, please complete one of the forms below and return to your relationship manager.
Important Note: The dynamic form can’t be viewed via an internet browser or mobile device. To view the form, Adobe Acrobat Reader must be installed on your computer. If you don’t have Adobe Acrobat Reader, please complete the accessible version of the TEC SDF below.
Instructions to complete the Dynamic TEC SDF
- Save a copy of the form to your desktop and open using Adobe Acrobat Reader
- Ensure Javascript is enabled in Adobe Acrobat Reader
- You must complete all sections that appear and provide your signature
- Return a completed copy of the form to your relationship manager.
Accessible TEC SDF (PDF 275KB)
Instructions to complete the Accessible TEC SDF
- You must complete all relevant sections of the form and provide a signature
- Return a completed copy of the form to your relationship manager.
If you have any questions relating to Tax Entity Classification (TEC), please contact your relationship manager.
Accessibility
Visit the BankSA accessibility page for our accessible products and services for people with disability.
Privacy Statement
Our Privacy Statement explains how we collect, use and disclose your personal information and credit-related information. Our Privacy Statement also provides information about how you can access and correct your personal information and make a complaint. You can read our Privacy Statement online or by calling us on 13 13 76. |
FAQs
Tax Entity Classification (TEC) is an Australian Tax Office (ATO) requirement for financial institutions to determine whether non-individual account holders are considered either Active, Passive or Exempt.