298Deferred payments for certain stamped instruments

#### 298 Deferred payments for certain stamped instruments 298 Deferred payments for certain stamped instruments > > (1) The Minister may— > > > > > (a) in circumstances in which (in the course of an industrial dispute involving persons engaged in the administration of this Act) an instrument liable to duty is not stamped by reason of the refusal of those persons to exercise functions relating to the administration of this Act or of any other law, and > > > > > (b) in such other circumstances as the regulations may prescribe, > > > > authorise the stamping of instruments on which duty is payable, even though the duty has not yet been paid, if an undertaking, in an approved form, has been given by a prescribed person, or a person belonging to a prescribed class of persons, as to the payment of duty in respect of the instrument. > > > (2) The Minister’s authorisation must provide for the manner in which, and the time within which, unpaid duty is to be paid in respect of instruments stamped under the authorisation. > > > (3) An instrument that has been stamped under the Minister’s authorisation is, except for the purposes of the recovery of any unpaid duty (including any interest or penalty with which the instrument is charged under the [Taxation Administration Act 1996](/view/html/inforce/current/act-1996-097)) in respect of the instrument, taken to be duly stamped. > > > (4) If the duty payable in respect of an instrument that has been stamped under the Minister’s authorisation is not paid in accordance with the terms of the authorisation, the [Taxation Administration Act 1996](/view/html/inforce/current/act-1996-097) applies to the payment of that duty in the same manner as if the instrument had not been so stamped. > > > (5) For the purposes of subsection (1), the following persons are prescribed persons— > > > > > (a) a person who is liable to pay duty in respect of an instrument, > > > > > (b) a person who is authorised (whether by a person who is liable to pay duty in respect of an instrument or by another person) to arrange for the stamping of the instrument on behalf of a person who is liable. > > **s 298:** Am 2004 No 55, Sch 2.9 \[1\].