Assessor Resource
PSPREV408A
Determine stamp duties
Assessment tool
Version 1.0
Issue Date: May 2024
In the workplace, staff maintain an up-to-date knowledge of the range of legislation, regulations, rulings and Commissioner's practices relating to stamp duties. They typically apply liability and eligibility criteria, exemptions, concessions, and the different rates that apply to a range of instruments and transactions, such as transfers, agreements to purchase real estate, business assets and other business properties. In assessing stamp duties, staff must apply general principles from the legislation that assist them to navigate the complexity of the stamp duties regime.
This unit covers the determination of stamp duties imposed on various documents ('instruments') and transactions.
In practice, determining stamp duties overlaps with other generalist or specialist work activities, such as acting ethically, applying government processes, communicating, delivering client service, and gathering and analysing information. Co-assessment with units of competency addressing these other activities could be considered.
No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement.
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