286Limitation on use of designated stamps

286 Limitation on use of designated stamps

286 Limitation on use of designated stamps

(1) A stamp that by its terms is limited to an instrument of a specified kind must not be used for an instrument of a different kind.

Maximum penalty—100 penalty units.

Note.

An offence against subsection (1) committed by a corporation is an executive liability offence attracting executive liability for a director or other person involved in the management of the corporation—see section 121 of the Taxation Administration Act 1996.

(2) An instrument of a specified kind for which a particular stamp is specified is taken not to be duly stamped unless it is stamped with the stamp so specified.

s 286: Am 2012 No 97, Sch 1.9 [7].