What is Withholding Tax?
Last updated 26 May 2017
Withholding tax may apply to interest earned on your account(s) unless you’ve provided us with your Tax File Number (TFN) or TFN exemption. You’re not obliged to provide us your TFN or TFN exemption but if you don’t or if you have an overseas home address, we’re required by law to withhold tax.
Go to Interest & tax summary in NetBank to check you’ve told us your TFN or TFN exemption and see if we’ve withheld tax.