Elements and Performance Criteria
- Identify legislative, regulatory and procedural requirements relating to stamp duties
- Maintain up-to-date knowledge of the range of legislation, regulations, rulings, Commissioner’s practices and organisational procedures relating to instruments and transactions that generally attract duties.
- Locate and confirm as current rates and thresholds that apply to calculation of stamp duties, relative to the liability date.
- Identify and confirm eligibility and liability criteria related to stamp duties to ensure consistency of interpretation and application.
- Identify and confirm exemptions and concessions related to instruments, transactions or organisations.
- Assess stamp duties
- Identify instruments and transactions liable for duty.
- Identify instruments and transactions exempt from duty or eligible for concessions and explain to customers in accordance with their requests.
- Implement general principles affecting stamp duties to ensure correct duty is applied.
- Identify parties liable to pay duty and confirm date of liability.
- Confirm lodgement and due dates and apply any interest or penalties incurred for late lodgement or payment.
- Apply rates of duty, confirm assessment and record decision.
- Assess and process enquiries and complaints
- Identify legislative, regulatory and procedural requirements relating to stamp duties
- Maintain up-to-date knowledge of the range of legislation, regulations, rulings, Commissioner’s practices and organisational procedures relating to instruments and transactions that generally attract duties.
- Locate and confirm as current rates and thresholds that apply to calculation of stamp duties, relative to the liability date.
- Identify and confirm eligibility and liability criteria related to stamp duties to ensure consistency of interpretation and application.
- Identify and confirm exemptions and concessions related to instruments, transactions or organisations.
- Assess stamp duties
- Identify instruments and transactions liable for duty.
- Identify instruments and transactions exempt from duty or eligible for concessions and explain to customers in accordance with their requests.
- Implement general principles affecting stamp duties to ensure correct duty is applied.
- Identify parties liable to pay duty and confirm date of liability.
- Confirm lodgement and due dates and apply any interest or penalties incurred for late lodgement or payment.
- Apply rates of duty, confirm assessment and record decision.
- Assess and process enquiries and complaints