Queensland Consolidated Acts

DUTIES ACT 2001 - SECT 491

491 When is an instrument or ELN transaction document properly stamped

(1) An instrument is
"properly stamped" if it is stamped under section 455 (1) (c) , 455A (1) (b) or 492 .

(1A) An ELN transaction document is
"properly stamped" if it is stamped under section 455A (1) (b) .

(2) An application to register or transfer a vehicle is taken to be
"properly stamped" if—

(a) duty imposed on the application and any assessed interest or penalty tax on the application is paid in full; or

(b) no duty is imposed on the application because of an exemption under this or another Act.

(3) Also, a mortgage, security instrument or mortgage package is taken to be
"properly stamped" for the following provisions if a self assessor has deferred the endorsement of the instrument under section 455 (4) as in force before 1 July 2008—

†¢ section 252 (2)

†¢ section 258 (2) (a) or (c)

†¢ section 262 (1) (a) or (b)

• schedule, definition
"collateral mortgage" .