South Australian Consolidated Acts

TAXATION ADMINISTRATION ACT 1996 - SECT 40

40—Stamping of instruments

        (1)         If—

            (a)         an approval under this Part provides for an exemption from a requirement for the stamping of an instrument; and

            (b)         instead of being stamped in accordance with that requirement, the instrument is endorsed in accordance with the conditions of the approval,

the instrument is to be taken to be duly stamped but without affecting liability for the payment of tax in relation to the instrument under the relevant taxation law.

        (2)         A person who endorses an instrument otherwise than under and in accordance with an approval under this Part so as to suggest or imply that the instrument is properly so endorsed and as a result duly stamped is guilty of an offence.

Maximum penalty: $10 000.