Form Crs-1 - Individual Tax Residency Self-Certification Page 4
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4“Account Holder”
The term “Account Holder” means the person listed or identified as the holder of a Financial Account. A person, other than a
Financial Institution, holding a Financial Account for the benefit of another person as an agent, a custodian, a nominee, a signatory,
an investment advisor, an intermediary, or as a legal guardian, is not treated as the Account Holder. In these circumstances that
other person is the Account Holder. For example in the case of a parent/child relationship where the parent is acting as a legal
guardian, the child is regarded as the Account Holder. With respect to a jointly held account, each joint holder is treated as an
Account Holder.
“Controlling Person”
This is a natural person who exercises control over an entity. Where an entity Account Holder is treated as a Passive Non-Financial
Entity (“NFE”) then a Financial Institution must determine whether such Controlling Persons are Reportable Persons. This definition
corresponds to the term “beneficial owner” as described in Recommendation 10 and the Interpretative Note on Recommendation
10 of the Financial Action Task Force Recommendations (as adopted in February 2012). If the account is maintained for an entity of
which the individual is a Controlling Person, then the “Controlling Person tax residency self-certification” form should be completed
instead of this form.
”Entity”
The term “Entity” means a legal person or a legal arrangement, such as a corporation, organisation, partnership, trust or foundation.
“Financial Account”
A Financial Account is an account maintained by a Financial Institution and includes: Depository Accounts; Custodial Accounts;
Equity and debt interest in certain Investment Entities; Cash Value Insurance Contracts; and Annuity Contracts.
“Participating Jurisdiction”
A Participating Jurisdiction means a jurisdiction with which an agreement is in place pursuant to which it will provide the
information required on the automatic exchange of financial account information set out in the Common Reporting Standard and
that is identified in a published list.
“Reportable Account”
The term “Reportable Account” means an account held by one or more Reportable Persons or by a Passive NFE with one or more
Controlling Persons that is a Reportable Person
“Reportable Jurisdiction”
A Reportable Jurisdiction is a jurisdiction with which an obligation to provide financial account information is in place and that is
identified in a published list.
“Reportable Person”
A Reportable Person is defined as an individual who is tax resident in a Reportable Jurisdiction under the tax laws of that
jurisdiction. Dual resident individuals may rely on the tiebreaker rules contained in tax conventions (if applicable) to solve cases of
double residence for purposes of determining their residence for tax purposes.
“TIN” (including “functional equivalent”)
The term “TIN” means Taxpayer Identification Number or a functional equivalent in the absence of a TIN. A TIN is a unique
combination of letters or numbers assigned by a jurisdiction to an individual or an Entity and used to identify the individual or
Entity for the purposes of administering the tax laws of such jurisdiction. Further details of acceptable TINs can be found at the
OECD automatic exchange of information portal.
Some jurisdictions do not issue a TIN. However, these jurisdictions often utilise some other high integrity number with an
equivalent level of identification (a “functional equivalent”). Examples of that type of number include, for individuals, a social
security/insurance number, citizen/personal identification/service code/number, and resident registration number.
Individual Tax Residency
Auckland
Wellington
Level 2, 37 Galway Street, Britomart |
Level 8, ASB Bank Tower, 2 Hunter Street
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Self-certification Form
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