Obligations for transfer duty self assessors
You have certain obligations to fulfil as a registered transfer duty self assessor. Meeting these obligations will help you avoid delays in completing assessments, reassessments, interest and penalties.
Record keeping requirements
You must keep all information used in assessing a person's transfer duty liability for a minimum of 5 years following the transaction.
We accept electronic records for audit purposes provided they can be readily produced if requested.
If you hold original documents, be mindful that it is an offence to destroy a record that is required to be kept.
Find out more about record keeping for tax purposes.
Cancellation of registration
Complete a notice for cancellation of self assessor registration (Form D12.4) to notify us within 14 days of ceasing to carry on a business.
In most cases, changes in ownership to your business will require your registration to be cancelled. If so, you will need to lodge a new application for registration.
Offences and penalties
We may take legal action, impose a penalty amount, or suspend or cancel your registration if you:
- fail to comply with your lodgement, payment, endorsement or record keeping obligations
- give the Commissioner of State Revenue a transaction statement containing false or misleading information.
For more information and details about contraventions, see the guidelines for imposing penalty amounts (SA4).
Penalty amounts imposed are the greater of:
- no more than 75% of the amount of duty payable for the transaction
You can apply for a review of a decision to impose a penalty amount. For more information:
- Read the public ruling on self assessor rights and obligations (DA000.2).
- Find out how we conduct compliance activities.
- Read the transfer duty self assessors guide (SA1).
- See other self assessor guidelines.
- Last reviewed: 10 Oct 2022
- Last updated: 10 Oct 2022
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Queensland Revenue Office
For transfer duty self-assessment queries:
- call 1300 132 685
- email email@example.com.
For queries on payroll tax, land tax and royalties:
- call 1300 300 734 (Australia) or +61 7 3179 2500 (overseas)
- send an email using our online enquiry form.