55BInformation relating to offshore persons and tax file numbers

1. The Commissioner must not allocate a tax file number requested by an offshore person until the Commissioner—

2. receives a current bank account number for the offshore person:
3. is satisfied that the information available to the Commissioner relating to the offshore person provides the Commissioner with an assurance of the identity and background of the offshore person.

4. Subsection (1) does not apply to a person—

5. who needs a tax file number solely because they are a non-resident supplier of goods and services under the Goods and Services Tax Act 1985:
6. who is registered, or has applied to be registered, under section 54B of that Act:
7. for whom a reporting entity under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 has conducted the procedures for customer due diligence required under that Act and regulations made under that Act.

8. Despite subsection (1), a non-resident seasonal worker under the recognised seasonal employer (RSE) instructions is not required to provide the Commissioner with a current bank account number for the first month of a period of employment in New Zealand.

9. A person who has a tax file number and a current bank account must immediately provide the person’s current bank account number to the Commissioner if the person,—

10. after 1 October 2015, becomes an offshore person under paragraph (b) of the definition of offshore person; and
11. has not previously provided the person’s current bank account number to the Commissioner.