This article answers the most frequently asked questions on NowInfinity's Trust deed stamping service.
Question | Answer |
What trust deeds are available for stamping by NowInfinity? |
|
For what jurisdictions does NowInfinity offer stamping? |
On our platform, stamping is only available for NSW and VIC. Note: If the state is not VIC or NSW, the stamping tab will appear but there will be a note to say stamping is not available for these states. That is not to say that the other states do not require stamping - for clarification on whether stamping is applicable to your trust you will need to contact the relevant state duties/revenue office. |
What is the cost of Stamping? |
The total cost of stamping will include the relevant stamp duty payable for that state plus our stamping service fee:
FOR NSW:
FOR VIC:
|
Does NowInfinity stamp deeds that are not ordered through the NowInfinity platform? | No. |
What is the default address for delivery of stamped deeds? | If you have posted us the deeds to stamp, the stamped deeds will be sent to the primary address on your account. This is the same address used when you order hard copies of documents. |
Can I change the delivery address for the stamped deeds? | You can change the address by overwriting the information and using the Find Address functionality. |
Do deeds need to be wet signed originals for stamping? |
FOR NSW: Revenue NSW accepts "wet signed" deeds and recently advised deeds can also be "electronically signed". As confirmation of signing, the audit log provided by your E Signing provider should also be sent to us with the signed deed. FOR VIC: VIC State Revenue Office (VIC SRO) accepts either the original "wet signed" and dated deed(s) or the "electronically signed" and dated deed(s). |
Does a particular colour pen need to be used for wet signing? | Black or Blue pen should be used for wet signing. |
Do the deeds need to be dated? |
Yes. |
What supporting documents do I need to provide NowInfinity to proceed with stamping? |
FOR NSW:
FOR VIC:
|
Can I track the progress of my stamping order? |
There is a tracking number field, similar to the one for hard copy orders of documents. Our team will also update you with communications as they: |
How long does the stamping process take? |
FOR NSW:
FOR VIC:
|
Is there a time frame for having deeds stamped? |
Under the legislation, stamp duty is required to be paid on trust deeds established in the following jurisdictions: FOR NSW:
FOR VIC:
If the deeds are not stamped within the above time-frames, interest or penalties will be imposed by the relevant state revenue offices.
|
How do I know my deed is stamped? |
|
I have received a stamped Unit Trust deed back, and on NSW Government Duties Statement, it says "Discretionary Trust" |
|
For further information, you can refer to What to do if NowInfinity is Stamping your Deed