Western Australian Consolidated Acts

STAMP ACT 1921 - SECT 112MB

112MB .         Method of calculating total hiring charges if they are not readily ascertainable

        (1)         If the Commissioner is satisfied that it is not reasonably practicable to calculate the total of the hiring charges payable over the term of the hire by the time a statement is required to be lodged under section 112MA, the Commissioner may, in a notice given to the hirer, require the hirer to prepare one or more statements, at the time or times specified in the notice, to take the place of the statement required by section 112M.

        (2)         To the extent possible, the statement or statements must include the same information as is specified in section 112M.

        (3)         Within 3 months after a statement is required to be prepared, the hirer must —

            (a)         lodge the statement with the Commissioner; and

            (b)         pay duty on the statement calculated in accordance with section 112MA(2) to the extent that the total hiring charges are ascertainable at the time the statement is prepared.

        Penalty: $5 000.

        (4)         The amount of duty paid on a prior statement relating to the same hire of goods is to be deducted from the duty payable on any subsequent statement.

        [Section 112MB inserted by No. 66 of 2003 s. 85.]

        [Heading inserted by No. 66 of 2003 s. 85.]