Australian Capital Territory Consolidated Acts Australian Capital Territory Consolidated Acts(1) If the full dutiable value of dutiable property subject to an agreement for sale or transfer cannot, in the commissioner's opinion, be immediately ascertained, the commissioner may make an assessment by way of estimate under the Taxation Administration Act, section 11 (2).
(2) The instrument or written statement required by section 14 may be stamped ‘Interim stamp only'.
(3) When the full dutiable value has been ascertained, the commissioner must reassess the duty payable on the agreement.
(4) If no further duty is payable, the interim stamp is to be cancelled and any amount paid in excess of the amount assessed is to be refunded.
(5) If further duty is payable, liability for the further duty arises when the notice of assessment issues, despite section 11.
(6) On payment of the balance of the duty (and any interest or penalty tax), the instrument or the written statement required by section 14 is to be stamped with the amount of the balance and marked to indicate that duty has been duly paid.