115FAssessment of duty

115F Assessment of duty (1) Duty is payable in relation to a declaration to the commissioner under section 115B (2) at the determined rate on the value of the transferred property stated in the declaration. (2) For this section, the commissioner may— (a) treat a declaration as having been varied or supplemented by a statement to the commissioner for section 115B (4) in relation to the declaration; or (b) if a declaration has not been given to the commissioner under section 115B (2)—treat a statement to the commissioner for section 115B (4) as a declaration.