CTHRepealedAct
Australian Capital Territory Taxation (Administration) Act 1969
29Negotiating etc. unstamped bill or note
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#### 29 Negotiating etc. unstamped bill or note
(1) A person shall not, in the Territory, negotiate, present for payment or pay a bill of exchange or promissory note liable to stamp duty that is not duly stamped.
Penalty: $500.
(2) It is a defence to a prosecution for an offence against subsection (1) if the defendant proves that, at the time of the alleged offence, he had reasonable grounds for believing that the bill of exchange or promissory note was duly stamped or was not liable to stamp duty.
(3) Where a bill of exchange or promissory note that is liable to duty but is not duly stamped comes into the hands of the drawee or a holder of the bill of exchange or promissory note in the Territory, the drawee or holder may cause it to be duly stamped.
(4) A person who, in accordance with subsection (3), causes a bill of exchange or promissory note payable on demand or at sight that is presented to him for payment to be duly stamped may charge the amount of stamp duty in account against the drawer of the bill of exchange or maker of the promissory note or deduct the amount of stamp duty from the amount paid by him under the bill of exchange or promissory note.