(1) Subject to
subsection (2), the person liable to pay duty on a dutiable transaction must
lodge —
(a) if
the transaction is effected by an instrument in hard copy form — that
instrument and if there is more than one such instrument, each of them; or
(b) if
the transaction is not effected by an instrument in hard copy form — an
instrument in hard copy form that evidences the transaction and if there is
more than one instrument, each of them, or a transfer duty statement for the
transaction,
within 2 months after
the day on which liability for duty on the transaction arises.
Penalty: a fine of $5 000.
(2) A person is not
required to lodge an instrument in respect of a general conditional agreement
in respect of which liability for duty does not arise under section 19(2).
(3) If a transaction
is effected by an electronic conveyancing instrument, the person liable to pay
duty on the transaction is to be taken to have complied with subsection (1)
when the instrument is digitally signed.
[Section 23 amended: No. 17 of 2010 s. 6; No. 2 of
2014 s. 52.]