Hello! This is Time Study, Australia's specialist education agency : ) 

If you're working or planning to work in Australia, there's something you absolutely must apply for. It's the TFN (Tax File Number), which you may have heard about if you're planning a working holiday. In this post, we'll explain what a TFN (Tax File Number) is and how to apply for it.

 

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| TFN (Tax File Number)

 

What is a TFN (Tax File Number)?
It's a unique identification number issued by the Australian Taxation Office (ATO) to individuals or businesses.

 

A TFN (Tax File Number) is essential for working legally in Australia or conducting tax-related activities. The ATO uses TFNs to track tax-related activities of individuals and businesses and manage tax reporting and payments.

 

What if you don't apply for a TFN?

If you don't apply for a TFN, 

📍 Employment Related 
While working, your employer may apply a higher tax rate for tax payment purposes. With a TFN, you'll be taxed at the correct rate and can receive refunds through tax returns. 

📍 Bank Account Related 
If you don't provide a TFN to your Australian bank account, the bank may apply a higher tax rate to your interest income. 

📍 Government Benefits Related 
A TFN is also required when applying for Australian government welfare benefits or student support. 

📍 Pension Related 
A TFN is also required to manage your Superannuation, Australia's pension system.

 

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| How to Apply

 

 

You can apply for a TFN online through the Australian Taxation Office website. 

Working holiday visa holders can apply for a TFN after arriving in Australia. It will be sent by mail within approximately 10 to 28 days after application, so please enter your address accurately where you can receive mail. The application takes about 5-10 minutes.

 

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Step 9 (Final!)

 

🚨Important Notice🚨

TFN application is FREE. 
Beware of websites that demand money💰 under the name of issuance fees. 

 

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| Important Precautions

 

 

 

Once your TFN (Tax File Number) has been issued, your TFN is highly sensitive personal information, so you should never share your TFN with others and keep it safe. Also, since TFNs are only used for tax-related activities, improper use of your TFN can lead to legal issues. 

If you lose your TFN, you can contact the Australian Taxation Office for a replacement, and TFNs are issued once and do not need to be renewed.

 

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Don't delay in applying for your TFN (Tax File Number), which is essential for working legally in Australia and conducting tax-related activities! 

We hope you use your TFN correctly and make your job-seeking experience in Australia safe and successful. 

If you have any other inquiries or would like consultation regarding Australian study, immigration, or visas, don't hesitate to contact us at Time Study! 
✨In-person consultations are also available at our Melbourne head office.

(Click the image below to connect to our consultation page.)

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