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How does Bank of Sydney collect and use my overseas tax residency status information?
Bank of Sydney will request tax residency information from all new customers upon application to open a Bank of Sydney account. We may also contact our existing customers to request this information, if we do not already hold this information.
As legally required, overseas tax residency status information collected by Bank of Sydney will be reported to the Australian Taxation Office (ATO). We will only collect and share information required to meet our statutory obligations in accordance with our Privacy and Credit Reporting Policy.