How To Apply For A TFN As An Australian Resident?
A Tax File Number (TFN) is a unique identifier issued to individuals in Australia for tax and superannuation purposes.
It’s essential for various financial transactions, including employment, investment, and claiming government benefits.
If you’re an Australian resident without a TFN, you’re missing out on a crucial identifier for your tax and superannuation affairs.
Let’s dive into the process of how to apply for a TFN and why it’s so important.
Why Do You Need A TFN?
A Tax File Number is a unique identifier issued by the Australian Taxation Office (ATO) to individuals and organisations.
As an Australian resident, you need a TFN to:
- Lodge tax returns
- Access government benefits
- Start a new job
- Open bank accounts
- Manage your superannuation
Who Can Apply For A TFN?
You’re eligible to apply for a TFN if you’re an Australian resident, which means you:
- Were born in Australia
- Have taken out Australian citizenship
- Are an Australian resident for tax purposes
The good news is that applying for a TFN is free, and you can do it at any age.
Also Read: Major Difference Between An ABN And A TFN
How To Get A Tax File Number?
There are several ways to apply for a TFN, depending on your circumstances and the identity documents you have available.
Here’s a quick overview of your options:
Application Method | Requirements | Processing Time |
---|---|---|
Online via myGovID | 15+ years old, Australian passport | Fastest option |
Australia Post | Complete online form, attend interview | Within 28 days |
Services Australia | Centrelink customers, paper form | Within 28 days |
By Post | Paper form, certified copies of documents | Within 28 days |
Let’s break down each option in more detail..
1) Applying Online via myGovID
If you’re 15 years or older and have an Australian passport, this is the quickest way to get a tax file number. You’ll need to set up a myGovID account and verify your identity online.
2) Applying At Australia Post
This option is available if you can attend an interview at a participating Australia Post outlet.
Here’s what you need to do:
- Complete the online form (not supported by Internet Explorer)
- Print the application summary with your reference number
- Find a participating Australia Post outlet
- Attend an interview within 30 days, bringing your application summary and original proof of identity documents
- Sign your application during the interview
3) Applying At A Services Australia Centre
If you’re a Centrelink customer, you can apply in person at a Services Australia centre. You’ll need to:
- Complete a paper TFN application form
- Bring your original proof of identity documents
- Submit your application at the centre
4) Applying By Post
If you can’t use any of the above methods, you can apply by post:
- Order the paper form online or by phone
- Complete the form
- Attach certified copies of your proof of identity documents
- Mail everything to the address on the form
Proof Of Identity Documents
When you apply for a TFN, you’ll need to provide proof of identity documents.
The requirements vary depending on your age:
- 16 years or older: 3 documents, including 1 primary document
- Under 16 years: 2 documents, including 1 primary document
Primary documents include:
- Australian full birth certificate
- Australian passport
- Australian citizenship certificate
- Foreign passport
Secondary documents can include:
- Medicare card
- Bank statement
- Australian driver’s licence
- Student ID card
Special Considerations
There are some special cases to be aware of:
- If you’re under 18, there are specific rules about who can sign your application.
- If you’re a protected person unable to sign, special arrangements are in place.
- Prisoners and detainees have alternative documentation options.
- If you’re applying on behalf of a deceased person, you’ll need to provide additional documentation.
After You Apply
Once you’ve submitted your application, you should receive your TFN within 28 days. Keep in mind:
- Don’t lodge another application if you haven’t heard back within 28 days – this can cause delays
- If you haven’t received your TFN after 28 days, contact the ATO
- Your TFN is issued for life, so keep it safe and secure
Obtaining your TFN is an essential first step, but Australian tax regulations can be intricate. KPG Taxation boasts a team of experienced accountants and tax consultants well-versed in maximising your return and ensuring compliance.
We have offices conveniently located across Australia, so finding a KPG Taxation branch near you is easy. Get started on maximising your tax return and achieving financial peace of mind – contact KPG Taxation today!
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