Unit of competency Outline

Date retreived
22/07/2026 11:12 PM AWST

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Determine stamp duties

Determine stamp duties

Unit of competency
National Code
PSPREV017
State Code
ODW47
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
03/04/2022
View on TGA
State Implementation and Classification
Approved Date
08/07/2022
Field of Education
080101 - Accounting
Original Release Date
08/07/2022
Nominal Hours
40
Description
This unit describes the performance outcomes, skills and knowledge required to determine stamp duties imposed on various documents (‘instruments’) and transactions. Those undertaking this unit work independently, performing complex tasks in familiar contexts.The skills in this unit must be applied in accordance with Commonwealth and State or Territory legislation, Australian standards and industry codes of practice.No occupational licensing, certification or specific legislative requirements apply to this 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 legislation, regulations, rulings, commissioner practices and organisational procedures about instruments and transactions that generally attract duties.
  • 1.2. Locate and confirm 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 for 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. Process enquiries and complaints in accordance with organisational procedures.
  • 3.2. Record decisions and notify taxpayers.
  • 3.3. Explain to taxpayers their rights to have decisions reviewed if they are dissatisfied.
No information
No information
Replaces
State Code National Code Title Type
AWT63 PSPREV008 Determine stamp duties Unit of competency
State Code National Code Title Type
BHO9 PSP40122 Certificate IV in Government Qualification