Queensland Consolidated Acts

DUTIES ACT 2001 - SECT 455

455 Lodging returns

(1) A self assessor registered under part 2 or 3 must for return self assessments—

(a) lodge returns, and documents required to accompany returns, for the return periods as required by the notice of the self assessor’s registration; and

(b) pay any duty, assessed interest and penalty tax to the commissioner when each return is lodged; and

(c) stamp the instruments to which each return relates by endorsing them in the way mentioned in subsection (2) not later than when the duty, assessed interest and penalty tax on the instruments has been paid to the commissioner.

Penalty—

Maximum penalty—100 penalty units.

Note—

For provisions about payments by self assessors who are tax agents under the Administration Act , see section 35 of that Act.

(1A) Subsection (1) (c) does not apply if the self assessor’s notice of registration states that no endorsements are required on the instruments.

(2) For subsection (1) (c) —

(a) an instrument for which duty is imposed must be endorsed—

(i) if the self assessor’s notice of registration states the way in which the instrument must be endorsed—in the way stated; or

(ii) otherwise, with the following—

(A) a reference to this Act’s short title;

(B) the self assessor’s client number;

(C) the transaction number for the instrument;

(D) the amounts of any duty, assessed interest and penalty tax paid on the instrument;

(E) the date the endorsement is made;

(F) the signature of the individual completing the endorsement; and

(b) another instrument must be endorsed in the way stated in the self assessor’s notice of registration.

(3) However, a self assessor registered under part 3 , does not have to comply with subsection (1) to the extent that the self assessor has not received payment of duty, assessed interest or penalty tax by the persons liable to pay it.