This article answers the most frequently asked question on NowInfinity's Trust deed stamping service.
|What trust deeds are available for stamping with NowInfinity?||
|For what jurisdictions does NowInfinity offer stamping?||
Stamping is only available for NSW and VIC.
Note: If the state is not VIC or NSW, the stamping tab will show but have a note to say it is not available for these states.
|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:
|Do you stamp deeds that are not ordered through NowInfinity?||No.|
|What is the default address for delivery of stamped deeds?||The stamped deeds will be sent to the primary address on your account. This 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 the need to be wet signed originals for stamping?||
NSW requires the deeds and any duplicates that require stamping to be wet signed.
VIC accept emailed versions.
|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?||
|What supporting documents do I need to provide NowInfinity to proceed with stamping?||
|Can I track the progress of my stamping order?||
There is be a tracking number field similar to the one for hard copies pf the documents.
Our team will also update you with communications as they:
|How long does the stamping process take?||
NSW OSR (Office of State Revenue) provide a "duties statement" as soon as the deed is stamped, thus this process is expedited.
VIC SRO however provide a "certificate of duty" as proof the stamp duty has been paid. This can take up to 8 business days to be released.
|Is there a time-frame for having deeds stamped?||
Under the law, you are required to pay stamp duty on trust deeds established in the following jurisdictions:
The deeds need to be stamped within the timeframe if you wish to NowInfinity's stamping service. If the deeds are not stamped within the above time-frames, interest or penalties will be imposed by the relevant state revenue offices.
NowInfinity is unable to calculate the interest or penalties on your behalf.
If the deeds are outside the timeframes shown above, you will need to contact the relevant revenue office to arrange stamping.
|How do I know my deed is stamped?||
|I have received a stamped Unit Trust back, and on the NSW Government Duty Statement, it says "Discretionary Trust".||
For further information, you can refer to What to do if NowInfinity is Stamping your Deed