STAMP DUTIES ACT 1923 - SECT 102B
STAMP DUTIES ACT 1923 - SECT 102B
102B—Acquisition statement
(1) If a dutiable
transaction occurs, the person or group that acquires or increases its
prescribed interest in the land holding entity must, within 2 months
after the date of the dutiable transaction, or, if the transaction was an
exempted transaction under Part 4AA but the exemption has been revoked by
the Commissioner, within 2 months after receiving notification of the
revocation—
(a)
lodge a return with the Commissioner in a manner and form determined by the
Commissioner; and
(b) pay
the relevant amount of duty.
Maximum penalty: $10 000.
(2) The return must
contain the following information:
(a) the
name and address of the person, or the name and address of each member of the
group, that has the prescribed interest or has increased its
prescribed interest as a result of the transaction; and
(b) the
date of the transaction; and
(c)
particulars of—
(i)
the interest acquired as a result of the transaction; and
(ii)
any other interest held and the dates and circumstances
of their acquisition; and
(iii)
the underlying land assets and the underlying
local land assets of the land holding entity as at the date of the
transaction; and
(iv)
the underlying assets of the land holding entity as at
the date of the transaction; and
(vi)
amounts of duty paid under this Act or a
corresponding law in relation to the acquisition of the prescribed interest in
the land holding entity; and
(d)
other information required by the Commissioner.