Related Answers

• What happens if I do not provide my Tax File Number?
  It is not compulsory to provide your Tax File Number (TFN). However, if you choose not to provide it, we are required by law to deduct TFN...
• When do you deduct the Withholding Tax?
  We deduct any TFN Withholding Tax (TFNWT) or Non-Resident Withholding Tax (NRWT) that applies at the time we make an interest payment to your...
• I hold an account jointly with an Australian Resident. How does the Withholding Tax affect us?
  If an Australian resident provides their Tax File Number (TFN), Australian Business Number (ABN) or claims a tax exemption, we will deduct...
• Why should I provide my Tax File Number?
  You don't have to provide your Tax File Number or an exemption, but if you don't, we are required by law to deduct tax from any interest earned on...
• What is Non-Resident Withholding Tax (NRWT)
  The bank is required to deduct NRWT and pay it to the Australian Taxation Office (ATO) where an account holder has an overseas residential address...