98J   Return to be made out in respect of dutiable receipts

(1)  A registered person and a designated person who, pursuant to section 98I, is required to apply to the Chief Commissioner for registration under this Division shall, within 21 days after the end of:

(a)  except as provided by paragraph (b), each month, or

(b)  where, in relation to a registered person, the Chief Commissioner approves a period longer than a month, each such longer period,

      make out a return.

(2)  For the purposes of subsection (1), a return:

(a)  shall be in a form approved by the Chief Commissioner, and

(b)  shall, in addition to such other matters as may be required to be specified in the form, specify:

(i)  the total amount of dutiable receipts, not being dutiable receipts referred to in subparagraph (ii), and

(ii)  the number of dutiable receipts, the amount of which was a single amount of not less than $2,000,000 (or, where some other amount is prescribed, the prescribed amount),

      received during the month or longer period, as the case may be, to which the return relates, by the person required to make out the return.

(3)  A person who is required under subsection (1) to make out a return shall, within 21 days after the end of the month or the longer period, as the case may be, to which the return relates:

(a)  lodge the return with the Chief Commissioner, and

(b)  pay to the Chief Commissioner, as stamp duty, the amount of stamp duty payable in respect of the dutiable receipts to which the return relates.

(3A)  The Chief Commissioner may, in the case of a retailer or pastoral finance company that has lodged a return under subsection (3), exempt the retailer or company from payment of stamp duty in respect of the dutiable receipts to which the return relates if:

(a)  no certificate under section 98U (1) of the Act is in force in respect of an account of the retailer or company, being either an account referred to in paragraph (a) of that subsection or an account to which paragraph (g2) of that subsection applies, and

(b)  the Chief Commissioner is otherwise satisfied that it is proper to do so.

(3B)  The Chief Commissioner may reduce, refund or adjust stamp duty paid or payable by a financial institution whose sole or principal business is not that of the provision of finance.

(4)  A registered person or a designated person who, pursuant to section 98I, is required to apply to the Chief Commissioner for registration under this Division and who fails to comply with this section is guilty of an offence and liable to a fine not exceeding 50 penalty units together with twice the amount of duty of which Her Majesty has been deprived by any such failure.

(5)  This section does not apply to a member of a group to the extent that section 98JA is complied with in respect of the member.