DUTIES ACT 1997 - SECT 289A
Stamping by means of endorsement
DUTIES ACT 1997 - SECT 289A
Stamping by means of endorsement
289A Stamping by means of endorsement
(1) An instrument is duly stamped if it is endorsed in accordance with an
arrangement, approved by the Chief Commissioner under Division 2 of Part 6 of
the Taxation Administration Act 1996 , under which--
(a) information
concerning an instrument (rather than the instrument itself) is lodged with
the Chief Commissioner, and
(b) the information is used by the Chief
Commissioner to assess the duty payable on the instrument, and
(c) a number,
or other information, is issued by the Chief Commissioner, in respect of the
instrument, for endorsement on the instrument.
(2) Section 297 applies in
respect of an instrument endorsed in accordance with an arrangement referred
to in this section as if the instrument had been stamped by the Chief
Commissioner, and section 42 (3) of the Taxation Administration Act 1996 does
not apply.
(3) However, the endorsement of an instrument in accordance with
an arrangement referred to in this section does not affect any liability for
payment of the duty in relation to the instrument under this Act.
(4) A
notice of assessment or statement of confirmation issued by the Chief
Commissioner in relation to the assessment of an instrument as referred to in
this section may include any of the information provided to the Chief
Commissioner on which the assessment of the instrument was based.