297 Stamping taken to constitute assessment
(1) For the purposes of the Taxation
Administration Act 1996, the stamping of an instrument by the
Chief Commissioner is taken to constitute an assessment of the duty payable
under this Act in respect of the instrument or the dutiable transaction
effected or evidenced by that instrument.
(2) If the Chief Commissioner does not issue a notice of assessment at
the time that the instrument is stamped, the stamped instrument is taken, for
the purposes of the Taxation Administration
Act 1996, to be a notice of
Note. The Taxation Administration Act
1996 provides that an objection to an assessment must be
lodged within 60 days of service of the notice of assessment (unless late
lodgment is permitted by the Chief Commissioner).