Queensland Consolidated Acts Queensland Consolidated Acts(1) A self assessor registered under part 2 or 3 must for a standard self assessment—
(a) lodge a transaction statement, and the documents required to accompany the statement, for an instrument or transaction as required by the notice of the self assessor's registration; and
(b) stamp the instrument to which the transaction statement relates by endorsing it in the way mentioned in subsection (4)—
(i) for a self assessor registered under part 2—not later than when the duty, assessed interest and penalty tax on the instrument are paid by the self assessor to the commissioner; or
(ii) for a self assessor registered under part 3—
(A) if the duty, assessed interest and penalty tax on the instrument are received by the self assessor—not later than when the duty, assessed interest and penalty tax are paid by the self assessor to the commissioner; or
(B) otherwise—within 1 day after the self assessor becomes aware that the duty, assessed interest and penalty tax on the instrument have been paid to the commissioner.
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)(b) does not apply if the self assessor's notice of registration states that no endorsements are required on the instruments.
(2) For subsection (1)(a), if the self assessor is registered under part 2, the self assessor must lodge the transaction statement and documents by the date that is 30 days after the date liability for duty for the instrument or transaction arises.
(3) For subsection (1)(a), if the self assessor is registered under part 3, the self assessor must lodge the transaction statement and documents by the later of the following dates—
(a) the date that is 30 days after the date liability for duty for the instrument or transaction arises;
(b) the date that is 7 days after the self assessor receives, under section 471E(1)(a), all instruments and other documents relating to the instrument or transaction.
(4) For subsection (1)(b)—
(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.
(5) In this section—
transaction number see section 455(5).