DUTIES ACT 1997 - SECT 301
Registration of transactions and instruments
DUTIES ACT 1997 - SECT 301
Registration of transactions and instruments
301 Registration of transactions and instruments
(1) A person must not register in a register of legal or beneficial interests
in dutiable property a dutiable transaction , an instrument that effects a
dutiable transaction or an instrument chargeable with duty unless-- (a) it is
duly stamped, or (b) it is stamped by the Chief Commissioner or in a manner
approved by the Chief Commissioner, or (c) it bears an endorsement, or is
otherwise effected, in accordance with an approval under section 37 of the
Taxation Administration Act 1996 . : Maximum penalty--100 penalty units .
Note : An offence against subsection (1) committed by a corporation is an
executive liability offence attracting executive liability for a director or
other person involved in the management of the corporation --see section 121 of
the Taxation Administration Act 1996 . (2) In the case of a
dutiable transaction that is also a surcharge duty transaction, the
transaction or instrument referred to in subsection (1) must be stamped or
endorsed, in accordance with Part 5 of Chapter 2A, in a manner that
indicates-- (a) that purchaser duty has been paid in respect of the
transaction or that the transaction is not chargeable with purchaser duty, and
(b) that surcharge purchaser duty has been paid in respect of the transaction
or that the transaction is not chargeable with surcharge purchaser duty .
http://www.austlii.edu.au/au/legis/nsw/consol_act/da199793/s301.html