Did you know?—Duties self assessor tips

No. Caveats by way of equitable mortgagee dated before 1 July 2008 must be sent to our office for assessment.

All general caveats, and caveats by way of equitable mortgagee dated after 1 July 2008, are not dutiable and do not need to be endorsed.

In most cases, no, as lease duty was abolished on 1 January 2006. However, leases entered into on or before 1 January 2006 may still be dutiable. See the full list of lease documents (PDF 50 K) that no longer need to be endorsed.

The liability for transfer duty arises when the agreement or transfer is signed. 

See Schedule 2 of the Duties Act 2001 for more detail.

You must lodge the transaction within 30 days after the date that liability arises to avoid unpaid tax interest (UTI).

In certain circumstances (e.g. where the contract is conditional) this date may be extended. You then have 30 days from when the final condition of the agreement is satisfied to lodge the document. 

In most cases, no, as mortgage duty was abolished on 1 July 2008. However, mortgages entered into on or before 1 July 2008 may still be dutiable. See the full list of mortgage documents (PDF 50 K) that no longer need to be endorsed.

The full unencumbered value of the entire property must be entered, whether the transfer is between related parties or not.

Priority assessments

We will assess the following transactions on a priority basis:

• matrimonial matters (that cannot be self assessed)
• Stamp Act and Duties Act (interstate) trust deeds and variations
• mining compensation agreements
• motor vehicle transfer applications pursuant to a stamped business contract (where duty has not already been paid at Queensland Transport).

To use this service, you must lodge:

• the documents to be assessed
• a cover letter requesting priority assessment
• a completed document lodgement form
• a completed Form 2.2—Dutiable transaction statement (if applicable).

When can I endorse a document if my client pays electronically?

What do I do if my client has paid electronically, but their payment is not showing in my payment history screen?

If your client makes an electronic payment directly to us, you can only endorse the document once your payment history screen in OSRconnect shows that the payment has been received. Your client's BPAY reference number is not sufficient proof that the payment has gone into our bank account.

If your client's payment does not appear in the payment history screen, contact us on 1300 300 734 to confirm that we have received the payment. 

Note: Electronic payments do not immediately appear in OSRconnect. The length of time it will take to appear in your payment history page will depend on the time of day that your client pays and how long their financial institution takes to process the payment.

Paying by cheque—lodging online

Paying by cheque—paper lodgement

Paying online—electronic funds transfer (EFT), BPay or direct debit

You must pay with cleared funds. See payments for the different payment options.

If you give your clients a copy of the lodgement confirmation statement, they can pay us direct using BPAY or EFT.

Once your transaction is lodged (submitted in OSRconnect), you must pay within 14 days.

If UTI was owing at the time of lodgement, it will continue to accrue until the outstanding amount is paid regardless of the 14-day payment period.

You cannot reprint the lodgement confirmation statement. You will need to complete a lodgement confirmation form instead.

If you are paying by cash or cheque, you must attach a copy to your payment.

No. If a transaction number has already been allocated, and that transaction is cancelled, you cannot reuse the transaction number.

(See Cancelling transaction numbers above)

Yes. You will need to enter the transaction number of the previous transaction/s on the interactive form.

Our section 30 aggregation lesson shows you how.

How do I create a transaction number?

How do I display a transaction number on the Form 12.6?

Open the online Form 12.6, then:

• enter your client reference
• answer the top 3 drop-down questions on the form after 'Your reference'
• select Save draft.

Note: If you do not answer all 3 of the drop-down questions, your form may not load properly and you will not be able to complete the transaction.

First, you need to create a transaction number by following the above process. Then:

• select Check form data so the transaction number will generate
• select Save draft.

The transaction number will now display next to the client number on the Form 12.6.

To enter more than 5 transferees, you need to add the details of all the other transferees in the free text section. This section will become available once you add the fifth transferee.

Make sure you enter all required transferee information:

• Individuals—first name, middle name, last name, date of birth and full address
• Companies—company name, ABN and full address
• Trusts—full name of trust and details of all trustess, including their first, middle and last names, date of birth and full address.