Unit of competency Outline

Date retreived
22/07/2026 10:22 PM AWST

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Determine stamp duties

Determine stamp duties

Unit of competency
National Code
PSPREV008
State Code
AWT63
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
07/03/2016
View on TGA
State Implementation and Classification
Approved Date
21/07/2016
Field of Education
080101 - Accounting
Original Release Date
21/07/2016
Nominal Hours
40
Description
This unit describes the skills required to determine stamp duties imposed on various documents (‘instruments’) and transactions. It includes identifying legislative, regulatory and procedural requirements relating to stamp duties, assessing stamp duties and assessing and processing enquiries and complaints.This unit applies to those working in roles where the determination of stamp duty is required.The skills and knowledge described in this unit must be applied within the legislative, regulatory and policy environment in which they are carried out. Organisational policies and procedures must be consulted and adhered to.Those undertaking this unit would work independently, performing complex tasks in familiar contexts.No licensing, legislative or certification requirements apply to unit at the time of publication.
Notes
Elements and Performance Criteria
1. Identify legislative, regulatory and procedural requirements relating to stamp duties
  • 1.1 Maintain up-to-date knowledge of the range of legislation, regulations, rulings, Commissioner’s practices and organisational procedures relating to instruments and transactions that generally attract duties.
  • 1.2 Locate and confirm as current rates and thresholds that apply to calculation of stamp duties, relative to the liability date.
  • 1.3 Identify and confirm eligibility and liability criteria related to stamp duties to ensure consistency of interpretation and application.
  • 1.4 Identify and confirm exemptions and concessions related to instruments, transactions or organisations.
2. Assess stamp duties
  • 2.1 Identify instruments and transactions liable for duty.
  • 2.2 Identify instruments and transactions exempt from duty or eligible for concessions and explain to customers in accordance with their requests.
  • 2.3 Implement general principles affecting stamp duties to ensure correct duty is applied.
  • 2.4 Identify parties liable to pay duty and confirm date of liability.
  • 2.5 Confirm lodgement and due dates and apply any interest or penalties incurred for late lodgement or payment.
  • 2.6 Apply rates of duty, confirm assessment and record decision.
3. Assess and process enquiries and complaints
  • 3.1 Deal with enquiries and complaints by taxpayers, and record decisions and notify.
  • 3.2 Explain to taxpayers their rights to have the decision reviewed if they are dissatisfied with the decision.
No information
No information
Replaces
State Code National Code Title Type
WJ088 PSPREV408A Determine stamp duties Unit of competency
Replaced By
State Code National Code Title Type
ODW47 PSPREV017 Determine stamp duties Unit of competency
State Code National Code Title Type
AZX9 PSP40116 Certificate IV in Government Qualification