New South Wales Consolidated Acts
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DUTIES ACT 1997 - SECT 290
Special procedures for electronic registry instruments
290 Special procedures for electronic registry instruments
(1) The Chief Commissioner may approve procedures for the payment of duty in
respect of electronic registry instruments and the endorsement or
certification of those instruments in a way that indicates that duty has been
paid, is payable or is not chargeable.
(2) An electronic registry instrument
is taken to be duly stamped if the instrument is endorsed or certified in
accordance with such a procedure.
(3) An approved procedure may permit the
endorsement or certification of an instrument before it is digitally signed
but, in that case, the instrument is taken to be duly stamped only when the
instrument is digitally signed in accordance with the Electronic Conveyancing
National Law (NSW) .
(4) The endorsement or certification of an instrument
under this section--
(a) is not evidence of an assessment of the duty payable
under this Act in respect of the instrument, and
(b) does not affect any
liability for payment of the duty in relation to the instrument under this
(5) Particulars of any procedure approved under this section are to be
published on the website of Revenue NSW.
(6) A person who endorses or
certifies an electronic registry instrument otherwise than under and in
accordance with a procedure approved under this section so as to suggest or
imply that the instrument has been endorsed or certified in accordance with
the procedure is guilty of an offence.
: Maximum penalty--100 penalty units.
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