(1) A person who is, or may be, liable to pay duty on an instrument must lodge the instrument with the Commissioner ¾

(a) within 2 months after the date on which the instrument was first executed; or

(b) if the instrument is a dutiable statement ¾within 2 months after the occurrence of the transaction or event to which the dutiable statement relates.

Penalty: $5 000.

(2) Subsection (1) does not apply in a particular case if a provision of a stamp Act specifies that in that particular case the instrument must be lodged at or within a different time or period.

[Section 17B inserted by No. 2 of 2003 s. 9.]