Tax File Number and Withholding Tax (Australia)

Description

This training module covers two important areas for the staff of banking institutions:

The collection of Tax File Numbers, exemptions and Australian Business Numbers for accounts.
Withholding tax procedures that apply to interest paid on accounts in certain circumstances.

Who should do this training?

This training is important for customer-facing staff of banking institutions in Australia, especially those who set up new accounts for customers.

Course outline

Module 1: The procedure for collecting TFNs
Module 2: The application of withholding tax where a TFN is not quoted
Module 3: The TFN and withholding tax rules for special customers