Important Tax Information
Anyone who receives income from Australia may be subject to tax in Australia and may require an Australian Tax File Number (TFN). For more information, you should visit the Australian Taxation Office (ATO) website or seek independent tax advice.
While you are living outside of Australia and have advised us of your current overseas address, we are obliged to deduct non-resident withholding tax from any interest credited to you at the relevant withholding tax rates. Visit the ATO website for more information on "Investing in Australia" or seek independent tax advice.
Once you have moved to Australia and have advised us of your Australian address, though not compulsory to do so, you should supply your TFN to ANZ. If you do not quote a TFN, ANZ is obliged to deduct TFN withholding tax at the highest marginal tax rate (plus Medicare Levy) from any interest credited to you unless you are in an exempt category. If you are in an exempt category, you should let us know. If you do not have a TFN, you should contact the ATO on 13 28 61 (within Australia) or +61 2 6216 1111 (from overseas) to have an application form sent to you, or you can apply over the internet. Where TFN withholding tax has been deducted from your interest, you are usually entitled to claim a credit at the end of the financial year in your Australian income tax return.