(1) An authorised person must, in accordance with this section—
(a) lodge a return with the Commissioner specifying the total of all amounts of duty endorsed on instruments by the authorised person under section 265 ; and
(b) pay to the Commissioner a sum equal to that total.
Penalty: 20 penalty units plus an amount equal to double the amount that would have been payable if the provision had been complied with.
Note to
s. 266(1) inserted by No. 13/2013 s. 56(2).
Note
Section 130B of the Taxation Administration Act 1997 applies to an offence against this subsection.
(2) The return is to be lodged, and the sum paid, at the intervals, and in respect of the periods, determined by the Commissioner.