Western Australian Numbered Acts Western Australian Numbered Acts (1)
Section 31B(1) is amended as follows:
(a) in
paragraphs (a), (b), (c)(i), (ii) and (iii) by deleting “the
State” and inserting instead —
“ Western Australia ”;
(b) by
deleting all the words from and including “within a period” to the
end of the subsection and inserting instead —
“
prepare a dutiable statement in respect of the
transaction.
Penalty: $20 000.
”.
(2)
Section 31B(2) is repealed and the following subsections are inserted
instead —
“
(1b) A dutiable statement must be in an approved
form.
(1c) A
dutiable statement prepared under subsection (1) is taken to be an
instrument evidencing the transaction and is chargeable with duty accordingly.
(2) Each party to a
transaction described in subsection (1), except the person required to
prepare the dutiable statement, shall, within 2 months after entering
into the transaction, notify the Commissioner in an approved form that the
transaction has been entered into.
Penalty: $20 000.
”.
(3)
Section 31B(2a) is amended as follows:
(a) by
deleting “lodge a statement” and inserting instead —
“ prepare a dutiable statement ”;
(b) by
deleting “subsection (7)” and inserting instead —
“ subsection (1) or (2) ”.
(4)
Section 31B(2b) is amended as follows:
(a) by
deleting “ section 20(1)” and inserting instead —
“ section 17A ”;
(b) by
deleting “was entered into” and inserting instead —
“ occurred ”.
(5)
Section 31B(3) is amended by deleting “The Governor may make
regulations under section 120(1) exempting” and inserting
instead —
“ Regulations may exempt ”.
(6)
Section 31B(4) and (5) are repealed and the following subsection is
inserted instead —
“
(4) If interstate duty has been, or in the opinion of the
Commissioner will be, paid in respect of a transaction to which
subsection (1)(c) applies, the amount of duty payable in respect of the
dutiable statement prepared in respect of the transaction is reduced by the
amount of interstate duty that has been or will be paid.
”.
(7)
Section 31B(7) is repealed.