New South Wales Consolidated Acts

DUTIES ACT 1997 - SECT 104ZQ

104ZQ Stamping and endorsement of surcharge duty transactions

(1) If an instrument that effects or evidences a dutiable transaction that is also a surcharge duty transaction is stamped under this Act to indicate payment of duty, it must be stamped in a manner approved by the Chief Commissioner to indicate that surcharge purchaser duty has been paid.

(2) If an instrument that effects or evidences a dutiable transaction that is also a surcharge duty transaction is endorsed under this Act to indicate payment of duty, it must be endorsed in a manner approved by the Chief Commissioner to indicate that surcharge purchaser duty has been paid.

Note : See section 289A, which allows stamping to occur by means of an endorsement.

(3) An instrument that effects or evidences a dutiable transaction that is also a surcharge duty transaction is not duly stamped unless it is stamped or endorsed in accordance with this section.

(4) The Chief Commissioner may approve a manner of stamping or endorsement that does not require separate stamping or endorsement of an instrument for purchaser duty and surcharge purchaser duty so that stamping or endorsement by means of a single unique transaction identifier or reference number or a single endorsement is sufficient to indicate payment of both purchaser duty and surcharge purchaser duty.