Australian Capital Territory Numbered Acts

DUTIES ACT 1999 (NO. 7 OF 1999) - SECT 39

(1)     The relevant SCH participant shall, not more than 7 days after the end of a month in which the participant has been party to an SCH-regulated transfer to which this Division applies—

        (a)     lodge with the SCH a return in respect of the transfer in the form, and containing the details, required by the Commissioner under the conditions of registration of the SCH; and

        (b)     if duty is payable in respect of the transfer, pay the duty to the SCH.

(2)     If the relevant SCH participant lodges the return with, and pays the duty (and any interest) to, the SCH later than the fifteenth day after the end of each month—

        (a)     without limiting the Taxation Administration Act, the SCH participant commits a tax default for the purposes of that Act; and

        (b)     the SCH shall identify the return as a late return and lodge it with the next monthly return that is lodged with the Commissioner under section 41.

Division 2—The securities clearing house