Stamp and Cheque Duties Amendment Act 1996

1: Short Title, application, and commencement
1: This Act may be cited as the Stamp and Cheque Duties Amendment Act 1996, and shall be read together with and deemed part of the Stamp and Cheque Duties Act 1971
2: Except as provided in subsections (3) (4)
a: Every instrument of conveyance executed; and
b: Every bill of exchange made, drawn, or prepaid under section 81 82 83
c: Every liable transaction entered into,— on or after the 1st day of April 1997.
3: Except as provided in subsection (4) sections 6 13 14
4: Where—
a: A provision of this Act amends, inserts, or repeals a provision ( the relevant provision
b: The relevant provision is referred to in, or necessary for the purposes of, another provision ( the other provision
c: The other provision—
i: Is amended, inserted, or repealed by this Act; and
ii: Has an application date that is not the same as the general application date for the relevant provision,— the relevant provision shall, for all purposes in regard to the other provision, have the same application date as the other provision.
2: Interpretation
Section 2 partnership Penalty Tax Administration Act 1994
3: Conveyance by direction of intermediary
1: Section 16 subsection (4)
2: Section 5 Stamp and Cheque Duties Amendment Act 1977
4: Time for presentation
Section 50
a: By repealing subsection (2)(c)
b: By repealing subsection (3)
5: Requirement that instrument be presented for stamping
Section 53 subsection (2)
6: Assessment conclusive
Section 56 this Act and Part VIIIA of the Tax Administration Act 1994
7: Penalty for late presentation
Section 57
8: Due date for payment of stamp duty
The principal Act is amended by repealing section 58
58:
1: The due date for payment of stamp duty in respect of an instrument executed—
a: In New Zealand, is 6 months after the date of execution of the instrument; and
b: Outside New Zealand, is 6 months after the date of its first receipt in New Zealand after execution.
9: Penalty proportionately reduced on reduction of duty
Section 59
10: Remission of penalties
Section 60
11: Refund of duty or penalty on application
Section 68 subsection (1)
12: Unstamped instruments ineligible for registration
Section 70 subsection (3)
13: Application of
Parts 4A 8A Tax Administration Act 1994 The principal Act is amended by inserting, after section 71
71A:
1: Parts IVA and VIIIA of the Tax Administration Act 1994 section 124A(2)(a) of the Tax Administration Act 1994
2: Subsection (1)
14: Repeal of
Part 5
1: Part 5
2: Notwithstanding subsection (1) Part 5
a: That is issued by the Commissioner under the principal Act before the 1st day of October 1996; or
b: That is referred to in section 71A(2) section 13
3: The Commissioner may, with the written agreement of a person who has been assessed for a tax liability under this Act, specify that a notice of assessment or reassessment—
a: Issued before the 1st day of October 1996, is to be treated as if it had been issued after that date (in which case the provisions of Parts 4A 8A Tax Administration Act 1994
b: Issued on or after the 1st day of October 1996, is to be treated as if it had been issued before that date (in which case the provisions of Part 5
15: Cheque duty payable by licensed banks
Section 81 subsection (6)
16: Cheque duty payable by licensed printers
Section 82 subsection (6)
17: Cheque duty payable by other licensees
Section 83 subsection (4)
18: Cheque duty payable otherwise than under a licence
Section 84 subsection (9)
19: Payment of credit card transaction duty
Section 86D section 7 Stamp and Cheque Duties Amendment Act 1981 subsection (4)
20: Interest on unpaid credit card transaction duty
Section 86E
21: Offence to give false information
Section 86N section 2 of the Stamp and Cheque Duties Amendment Act (No 2) 1991
22: Repeal of miscellaneous provisions in
Part 7
1: Sections 87 88 89 90(2) 91(3) 92A 93 94
2: Section 6(1) Stamp and Cheque Duties Amendment Act 1977
23: Evidence inconsistent with instrument not applicable to reduce stamp duty
Section 95
24: Application of
Part 9 Tax Administration Act 1994 The principal Act is amended by inserting, after section 99
99A: Part IX of the Tax Administration Act 1994