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What does tax residency mean?

Your tax residency is the countrywhere you typically submits an income tax return or may be liable to pay tax.

Westpac, as issuer of the SpendOneand SaveOne accounts, needs to comply with the reporting obligations underForeign Account Tax Compliance Act and Common Reporting Standard legislation.So we need to help Westpac collect data regarding your tax residency status andmaintain that information so they can report it to the relevant regulatorybodies.

Currently, you cannot sign up for a SpendOne andSaveOne account if you are an overseas tax resident. We will let you know oncethe accounts become available to you.