(1) This section
applies if the amount of duty payable, or whether duty is chargeable, on a
dutiable transaction (the dependent transaction ) depends in any way on the
payment of duty chargeable on another dutiable transaction (the related
transaction ).
(2) The transaction
record for the dependent transaction may be —
(a)
endorsed by the Commissioner; or
(b)
endorsed or certified under a special tax return arrangement,
to indicate the amount
of duty paid or payable on the related transaction.
Note for this section:
For example, duty of
$20 700 is paid on an agreement for the transfer of dutiable property (the
related transaction ). A transfer of the dutiable property (the dependent
transaction ) is lodged and is in conformity with the agreement for transfer
for the purposes of section 42(1). The transfer will be endorsed to indicate:
(a) that
no duty is chargeable on the transfer; and
(b) the
duty of $20 700 paid on the agreement for transfer.