The self assessor guidelines represent the published view of the Commissioner of State Revenue (the Commissioner) in relation to the management of the transfer duty self assessor framework.
the commissioner reasonably believes that, having regard to the self assessor’s conduct, the self assessor’s registration poses an unacceptable risk that the self assessor will not comply with an obligation under this Act or the Administration Act.
Commissioner of State Revenue
Date: 7 October 2022
Any penalty amount imposed will be the greater of25:
This table outlines the penalty percentages for the circumstances surrounding the contravention (noting that if the resulting amount is less than $100, the penalty amount will be $100).
|1||Failure to comply despite taking reasonable care||No penalty amount|
|2||Failure to comply due to carelessness, recklessness or no reasonable care
Repeated failure will generally be considered as increased culpability with a 10% increase (of primary tax amount) in penalty amount applied for each subsequent failure to comply.
For example, for failure due to carelessness, recklessness or no reasonable care:
A 12-month period of compliance will generally reset the penalty amount back to the baseline 10%.
|10%–50% of the primary amount|
|3||Failure to comply due to intentional disregard of obligations||50%–75% of the primary tax amount|