In accordance with section 290 of the Duties Act 1997, the Chief Commissioner of State Revenue has approved the following procedure for the payment of duty in respect of an electronic registry instrument that is processed through an electronic lodgment network (ELN).
The ELN process depends on the prior existence of a Duties Assessment Number (DAN) which is shown on the Duties Notice of Assessment. The DAN is entered into the ELN workspace. The ELN completes a Duties Verification by accessing the Revenue NSW systems. The transaction will only proceed when a successful verification is achieved.
Therefore in these circumstances:
Please ensure adequate time for funds to be cleared.
Revenue NSW is not responsible for late settlement.
Note: Members of the public must use a solicitor or conveyancer who is registered with an ELN operator to transfer property through an ELN.
Any dutiable instrument not processed in an electronic lodgement network must still be physically stamped in accordance with the Duties Act 1997.
Examples of these types of transactions include:
This is not an exhaustive list.