(1)  An instrument is taken to be duly stamped but without affecting liability for the payment of tax in relation to the instrument under the relevant taxation law if –

(a) an approval provides that the instrument is exempt from a requirement for the stamping; and

(b) the instrument is endorsed in accordance with the conditions of the approval.

(2)  A person must not endorse an instrument otherwise than under and in accordance with an approval so as to suggest or imply that the instrument is properly so endorsed and as a result is taken to be duly stamped.

Penalty:  Fine not exceeding 100 penalty units.

(3)  The endorsement of an instrument as referred to in subsection (1)(b) is not evidence of an assessment of the duty payable under the Duties Act 2001 in respect of the instrument.