RevNet Frequently Asked Questions
The RevNet Frequently Asked Questions are divided into categories to make it easier for you to find the answer you are looking for. Just click on the desired category to view a list of questions and answers.
- Overview
- System Information
- Applying to use RevNet
- Payments
- General Queries for Existing RevNet Users
- Certificate Queries
- Pay-roll Tax Queries
- Stamp Duty Queries
Overview
What is RevNet?
RevNet is an Internet based system that allows an easy, flexible and more effective way for you to do business with RevenueSA. RevNet provides approved agents/taxpayers with the ability to perform Stamp Duty, Certificate and Pay-roll Tax functions in the comfort of their own office. Functions available include:
Stamp Duty
The Stamp Duty component of RevNet is suitable for practitioners that process more than 10 stamp duty related documents per year and provides users with the ability to:
- Calculate and pay South Australian stamp duty on documents.
- Calculate and pay Lands Titles Office fees, General Registry Office fees and new Certificate of Title fees on documents.
- Stamp documents.
- View or modify details of stamp duty documents processed via RevNet.
- Determine the stamp duty on a document without committing the document for stamping by using the Duty Calculator.
Certificates
The Certificates component of RevNet provides you with the ability to:
- Request and receive on-line South Australian Emergency Services Levy and Land Tax Agent Certificates and pay the associated certificate request fee.
- Print Emergency Services Levy and Land Tax Agent Certificates requested through RevNet.
- Make an on-line payment of the outstanding liability on Certificates requested through RevNet or the Land Services Group (DAIS) Section 7 service.
- Request an on-line update of Certificates requested via RevNet or the Land Services Group Section 7 service.
Pay-roll Tax
The Pay-roll Tax component of RevNet allows you to perform these tasks on-line:
- Calculate your monthly pay-roll tax liability using wage and eligible deduction details you enter, or alternatively, you can simply enter the tax payable amount from your own calculation.
- Lodge nil returns where no liability occurred for the period.
- Calculate and lodge your South Australian Pay-roll Tax Annual Reconciliation.
- Pay the pay-roll tax liability on your monthly returns and any annual reconciliation amount.
- View a history of pay-roll tax returns, annual reconciliations and payments lodged via RevNet.
Are there any fees associated with using RevNet?
Use of RevNet does not incur any new or additional fees.
However, all agents/taxpayers using RevNet must have suitable hardware and software as well as access to the Internet. This may for example, require connection and usage fees being paid to an Internet Service Provider, which is the responsibility of the agent/taxpayer.
Terminals are available in Taxpayer Hall, Ground Floor, 200 Victoria Square, Adelaide, for agents/taxpayers who do not have their own Internet access or suitable hardware/software to use RevNet. Alternatively, you may access RevNet through an Internet Service Provider (eg. public library).
What are my obligations when using RevNet?
All RevNet users are required to comply with the Terms of Use when accessing and using RevNet.
Agents/taxpayers using the Stamp Duty and Certificates components and the Pay-roll Tax Payment Facility of RevNet are required to enter into an agreement with the Commissioner of State Taxation. This agreement sets out the terms and conditions of using RevNet and the obligations for both the agent/taxpayer and RevenueSA. All RevNet users are required to comply with these terms and conditions when accessing and using the RevNet service.
Do all RevNet users have the same access?
Agents/taxpayers need to apply for the RevNet component they wish to have access to eg. Stamp Duty, Certificates or *Pay-roll Tax Payment Facility. Separate applications are required for each component. Once an agent/taxpayer has been approved to use RevNet, they will only be able to access functions relative to the RevNet component/s they have been approved to use.
Within each RevNet component, there are different security levels that can be applied to individual users. The different user access levels available for each component are detailed in the RevNet Online Help.
*All taxpayers registered for pay-roll tax in South Australia during a financial year are automatically registered to use the Pay-roll Tax component of RevNet to complete their annual reconciliation. Access is restricted to completing the annual reconciliation only and does not include making on-line payments or lodging of regular returns. Taxpayers that wish to have access to the full range of functionality available in the RevNet Pay-roll Tax component, will need to complete a Pay-roll Tax Payment Facility application.
For details on how to register for RevNet click here.
System Information
What system requirements are recommended to operate RevNet?
You must have a PC and access to the Internet. To run RevNet efficiently, we suggest that you will need as a minimum:
- Intel Pentium II computer with 64mb of RAM or greater;
- Microsoft Windows 95 or later;
- Internet Browser (version Microsoft IE 5.0) with a cipher strength of 128-bit encryption;
- Internet Connection via 56K modem or better; and
- Adobe Acrobat Reader.
What if I do not have sufficient hardware/software at my office?
If you do not have sufficient hardware or software to operate RevNet, terminals are available in Taxpayer Hall, Ground Floor, 200 Victoria Square, Adelaide for you to access RevNet. Alternatively, you may access RevNet through an Internet Service Provider (eg. public library).
Is the system fast/efficient during periods of peak usage?
As with any Internet program, speed depends on various external factors to RevNet, such as configuration of PC, modem, telecommunication lines, Internet service provider, etc.
Taking these factors into account, RevenueSA endeavours to ensure that the system is as fast and efficient as is practicable, providing you have the recommended hardware and software requirements (see What system requirements are recommended to operate RevNet? ) and a reliable Internet service provider.
What sort of security is being offered with the Internet?
To ensure confidentiality of information transferred over the Internet, RevNet utilises 128 bit Secure Socket Layer (SSL) line encryption. Files transferred from RevNet to RevenueSA containing agent/taxpayer information are encrypted. Where payments are made through RevNet the files transferred across the Internet contain no specific bank account details, only account descriptions.
Is RevNet available at all times?
Whilst RevenueSA makes every endeavour to ensure RevNet is available as often as possible, there are times when planned and unplanned outages can occur.
Planned outages fall into two categories:
- If business critical maintenance needs to be performed to RevNet, RevenueSA will advise RevNet users of the outage as early as possible by posting a message on the RevNet home page. RevenueSA understands that the timing of these outages are sometimes inconvenient and will make every effort to ensure that these outages are kept to a minimum.
- A maintenance outage occurs weekly between the hours of 10.00 pm Saturday to 10.00 am Sunday to ensure RevNet provides an optimum service. In addition, requesting and updating of certificates in the RevNet Certificates component is unavailable each week from 9.00 am Saturday to 10.00 am Sunday. Availability of RevNet during this time cannot be guaranteed and RevNet users are encouraged to utilise alternative times for processing.
Unplanned outages - whilst RevenueSA takes every precaution to ensure the availability of RevNet, unforeseen outages can occur with no notice.
What happens if RevNet or the Internet is not working?
If RevNet or the Internet is not functioning, please contact RevenueSA on (08) 8207 2333 during business hours (Monday to Friday 8.30 am to 5.00 pm) so that alternative arrangements can be made where applicable.
Stamp Duty users can process documents using the Periodic Return Arrangement (PRA), a paper based process. These documents are entered into RevNet by the agent once the system is available again. Refer to the RevNet Stamp Duty Guidelines and RevNet Stamp Duty User Guide for more information regarding using PRA.
Applying to Use RevNet
How do I register for RevNet?
Agents/taxpayers need to apply for the RevNet component they wish to have access to eg. Stamp Duty, Certificates or Pay-roll Tax Payment Facility. Separate applications are required for each component. Application Kits for each component are available by clicking on the relevant link below, or by contacting RevenueSA on (08) 8207 2333.
Pay-roll Tax Payment Facility*
*All clients registered for pay-roll tax in South Australia during a financial year are automatically registered to use the Pay-roll Tax component of RevNet to complete their annual reconciliation. RevenueSA will provide taxpayers that do not use the RevNet Pay-roll Tax Payment Facility with a username and password to access RevNet in June of each year, prior to the commencement of the annual reconciliation process. Access is restricted to completing the annual reconciliation only and does not include making on-line payments or lodging of regular returns. Taxpayers do not need to complete an application to have access to the Annual Reconciliation facility in RevNet.
Organisations that wish to have access to the full range of functionality available in the RevNet Pay-roll Tax component, which includes the ability to lodge monthly (or other agreed period) pay-roll tax returns and pay pay-roll tax liabilities on-line, will need to complete a Pay-roll Tax Payment Facility application.
If I do not apply for the Pay-roll Tax Payment Facility, can I still lodge my annual reconciliation via RevNet?
Yes. If you do not apply to use the Pay-roll Tax Payment Facility, you are still required to access RevNet to complete and lodge your annual reconciliation.
Does RevenueSA provide training in the use of RevNet?
Yes, self-paced Computer Based Training (CBT) via CD-ROM is provided once you are approved to use the Stamp Duty and/or Certificates component of RevNet. Online demonstrations, available via the Internet, are provided for the Pay-roll Tax component. Comprehensive On-line Help is also available in RevNet to assist you in using the system.
Payments
How are payments made in RevNet?
Payments are made via an electronic transfer of funds from a nominated bank account.
As part of the application process, Electronic Payment Authorisation Forms are completed for each bank account you wish to use for making payments via RevNet. Several bank accounts can be nominated for this purpose. Bank account details are held in a secure environment within RevenueSA's internal database and are not transferred across the Internet.
The electronic payment is initiated by a user within RevNet. RevenueSA cannot independently access your bank accounts, only payments initiated by the user will occur. The user has the ability to select the appropriate, pre-nominated account they wish to use to make a payment in RevNet.
You cannot make 'one off' payments, without completing an Electronic Payment Authorisation Form and providing bank account details to RevenueSA for processing.
Is it possible to make electronic payments from a Trust Account?
Yes. The only issue may be where you need to know the RevenueSA account number where the funds will be credited. If this is the case contact RevenueSA and we will provide these details.
How will payments be shown on my bank statement?
Certificates
Within the Certificates component, you can specify different bank accounts for request fee and liability payments. At the end of each working day (around 9.00 pm) the request fee and liability amounts to be debited to a particular account are added up and one debit made. The breakdown of payment information is available via the Payment Enquiry function in RevNet.
Pay-roll Tax
At the end of each working day (around 9.00 pm) pay-roll tax payments to be debited to a particular account are added up and one debit made. In most cases there will only be one payment for a return period. Where multiple payments are made in the one day, the breakdown of payment information is available via the Payment Enquiry function in RevNet.
Stamp Duty
In the case of stamp duty, the total payable for each batch submitted will appear as a separate debit to your nominated bank account.
What do I do if I need to add another bank account, or remove an existing bank account?
If you wish to change (ie. add or delete an account) any of the existing bank account details nominated for RevNet, you need to complete another Electronic Payment Authorisation form and forward this to RevenueSA at: RevenueSA, GPO Box 1353, ADELAIDE SA 5001.
In the Stamp Duty component, is it possible to pay LTO fees via RevNet for documents that are not liable for stamp duty (and do not need to be stamped) eg. Transmission Application?
No, to pay the LTO fees via RevNet, the document must be stamped (either dutiable or exempt) via RevNet.
General Queries for Existing RevNet Users
I have forgotten my RevNet password, what do I need to do?
If you cannot remember your RevNet password, you need to contact your organisation's RevNet Administrator. If your RevNet Administrator is unavailable, contact RevenueSA by email revnet@saugov.sa.gov.au . The email must contain your full name and your RevNet username. RevenueSA, will organise for your password to be re-set and advise you accordingly.
We need to add a new RevNet Administrator and remove an existing one, what do we need to do?
Whenever there is a change in RevNet Administrators, you must complete the Change in Administrator Notification form and forward this to RevenueSA within 14 days of the change.
Certificate Queries
What are the rules for updating certificates within RevNet?
The update facility in RevNet allows you to obtain reviewed information for a property up to the due date of the initial certificate.
Where the due date of the initial certificate falls in the next financial year, an update may be requested in that next financial year, prior to the due date. The update request will provide information applicable to the new financial year and the due date will remain the same.
Is it possible to view and request updates on another agent's certificates via RevNet?
There is no functionality to allow you to view, or request updates on another agent's certificates that they have requested via RevNet. The Agent will have the ability to create you as a ‘general user' if they wish to authorise you to have access to their RevNet data.
How long will it take for RevenueSA to respond to a RevSA Query request for a certificate requested via RevNet?
All certificate requests that are forwarded to RevenueSA for manual intervention (ie. where the certificate liability cannot be determined via RevNet) will be actioned within 24 hours (ie. the next business day).
Pay-roll Tax Queries
Returns
When is my pay-roll tax return due?
Your pay-roll tax return and payment of your tax liability for the return period is due on or before the 7th day of the month following the applicable return period (eg. your pay-roll tax return and payment for the month of January will be due on 7 February).
Failure to submit your pay-roll tax return (and associated payment of your tax liability) prior to the due date may result in a default assessment being calculated by RevenueSA and penalties and/or interest being levied in accordance with the Taxation Administration Act 1996 .
Annual reconciliation returns are due by 28 July each year and should include the June return payment.
How do I pay my pay-roll tax liability?
Payment of your pay-roll tax liability for a return period can be made via RevNet providing you have applied, and been approved, to use the Pay-roll Tax Payment facility of RevNet. This is the preferred method of payment.
If you are not approved to use the RevNet Pay-roll Tax Payment facility, you can pay by BPay. Alternatively, you can forward a cheque or money order, payable to the Commissioner of State Taxation, with the accompanying Pay-roll Tax return payment slip to: RevenueSA, GPO Box 2418, Adelaide SA 5001
Can I amend my pay-roll tax return once it has been submitted via the RevNet site?
Once submitted, the status of the pay-roll tax return in RevNet reverts to 'read only'. This means that you cannot amend the return on-line once it has been submitted to RevenueSA. However, you can submit more than one return/payment for a return period to counteract any discrepancies if an additional pay-roll tax liability arises.
The table below details when RevNet will allow you to submit more than one return/payment for a period:
| Return Submitted via RevNet | Additional Return to be submitted via RevNet |
Allowed / Disallowed |
|---|---|---|
Nil (0.00) Return |
Nil ($0.00) Return |
Disallowed |
Nil (0.00) Return |
$ Return |
Allowed |
$ Return |
Nil ($0.00) Return |
Disallowed |
$ Return |
$ Return |
Allowed |
To amend your pay-roll tax return after it has been submitted to RevenueSA and your subsequent option is disallowed via RevNet, you will need to make a submission in writing to RevenueSA, containing a description of the amendments. Your submission should be forwarded to: RevenueSA, GPO Box 1353, Adelaide SA 5001. Alternatively, you can send your submission to the pay-roll tax e-mail address at: payrolltax@saugov.sa.gov.au or fax it to facsimile number 08 8226 3805.
What help is available if I am having problems completing my pay-roll tax return via RevNet?
If you are experiencing difficulties using the Pay-roll Tax Return and Payment functionality, on-line help is available by clicking on the 'Help' icon at the top right hand corner of each screen. Or, by viewing the RevNet Pay-roll Tax Payment Facility demonstration available on the RevenueSA website at www.revenuesa.sa.gov.au/revnet/prt/demointro.html
Underlined text in RevNet indicates a hyperlink (link to another section of RevNet or the Internet) and have been used throughout RevNet to explain keywords. To view these definitions, move your mouse over the hyperlink and click on the left mouse button.
If you continue to experience difficulties please contact RevenueSA on (08) 8207 2333 during business hours (Monday to Friday 8.30 am to 5.00 pm).
Annual Reconciliation
If I do not apply for the Pay-roll Tax Payment Facility, can I still use RevNet to lodge my annual reconciliation?
Yes. If you do not apply to use the Pay-roll Tax Payment Facility, you are still required to access RevNet to complete and lodge your annual reconciliation.
All clients registered for pay-roll tax in South Australia during a financial year are automatically registered to use the Pay-roll Tax component of RevNet to complete their annual reconciliation. RevenueSA will provide taxpayers that do not use the RevNet Pay-roll Tax Payment Facility with a username and password to access RevNet in June of each year, prior to the commencement of the annual reconciliation process. Access is restricted to completing the annual reconciliation only and does not include making on-line payments or lodging of regular returns. Taxpayers do not need to complete an application to have access to the Annual Reconciliation facility in RevNet.
When is my pay-roll tax annual reconciliation for the financial year due?
The pay-roll tax annual reconciliation and payment of your tax liability for the financial year is due on or before 28 July of the year following the annual reconciliation period that you are reconciling.
Failure to submit your annual reconciliation (and associated payment of your tax liability) prior to 28 July may result in penalties and/or interest being levied in accordance with the Taxation Administration Act 1996.
If you are unable to complete your annual reconciliation by 28 July, please contact RevenueSA. In order to minimise any interest and penalty that may apply for late returns, you can submit your estimated payment via RevNet using the Returns Processing functionality and allocating your payment to the June return period, providing you have applied, and been approved, to use the Pay-roll Tax Payment facility of RevNet.
Alternatively, you can pay by BPay or use the payment slip previously sent to you to pay your estimated pay-roll tax liability. If you are submitting a cheque or money order payment by mail please forward your estimated payment and payment slip to: RevenueSA, GPO Box 2418, Adelaide SA 5001
How do I pay my annual reconciliation pay-roll tax liability?
Payment of your annual reconciliation pay-roll tax liability can be made via RevNet providing you have applied, and been approved, to use the Pay-roll Tax Payment facility of RevNet.
If you are not approved to use the RevNet Pay-roll Tax Payment facility, you can pay by BPay or forward a cheque or money order, payable to the Commissioner of State Taxation, with the payment slip (produced by RevNet) to: RevenueSA, GPO Box 2418, Adelaide SA 5001 This is the preferred method of payment.
Can I amend my Pay-roll Tax annual reconciliation once it has been submitted on the RevNet site?
Once submitted, the status of the pay-roll tax annual reconciliation in RevNet reverts to 'read only'. This means that you cannot amend the annual reconciliation on-line once it has been submitted to RevenueSA.
If you have submitted your annual reconciliation in the last 14 days and you realise that it is not correct you can send an email to RevNet Assistance at revnet@saugov.sa.gov.au. In the email you are required to provide your taxpayer number and request to have the status reset so the reconciliation can be edited. If possible the status of your annual reconciliation will be reset and you will be able to make your changes in RevNet.
What help is available if I am having problems completing my pay-roll tax annual reconciliation on RevNet?
If you are experiencing difficulties with the pay-roll tax annual reconciliation functionality, on-line help is available by clicking on the 'Help' icon at the top right hand corner of each screen. Or, by viewing the RevNet Pay-roll Tax Payment Facility demonstration available on the RevenueSA website at www.revenuesa.sa.gov.au/revnet/prt/ardemointro.html
Underlined text in RevNet indicates a hyperlink (link to another section of RevNet or the Internet) and have been used throughout RevNet to explain keywords. To view these definitions, move your mouse over the hyperlink and click on the left mouse button.
If you continue to experience difficulties please contact RevenueSA on (08) 8207 2333 during business hours (Monday to Friday 8.30 am to 5.00 pm).
What are my options if I do not use RevNet?
If you are unable to gain Internet access to use the on-line Pay-roll Tax Annual Reconciliation functionality in RevNet, please contact RevenueSA on (08) 8207 2333 prior to 28 July of the year following the period that you are reconciling.
Stamp Duty Queries
Documents
Are Opinion assessments still available?
Not all documents are approved for self-determination. Therefore, some documents will still require the Opinion of the Commissioner of State Taxation. Click here for details of the documents that must be submitted to the Commissioner of State Taxation for an assessment of stamp duty.
Documents to be submitted for Opinion can be posted, couriered or lodged direct to RevenueSA, Ground Floor, State Administration Centre, Victoria Square, Adelaide, where the Opinion bundle can be deposited in the 'Opinions' box located in the front counter area.
Documents which can be determined on RevNet will not be accepted for Opinion assessment from RevNet users, this includes documents lodged through the mail and courier systems. Documents that can be stamped via RevNet will be returned to the lodging party for processing on RevNet.
Which documents are available for processing via RevNet?
For a list of approved RevNet documents please refer to the RevNet Approved Documents list.
If I am not sure which document to select or how to determine the stamp duty liability, what kind of help is available?
A Stamp Duty Document Guide has been developed to assist clients in calculating the stamp duty payable on the documents available for processing via RevNet and to help clients select the correct document heading. This Guide does not replace nor over-ride the legislative requirements of the Stamp Duties Act 1923 .
This guide is available via the Online Help in RevNet or RevenueSA's Internet site at www.revenuesa.sa.gov.au/revnet/helpfiles/sddocguide.html
Rate charts to assist with the calculation of stamp duty are available from the RevenueSA Internet site.
Telephone assistance is available by ringing (08) 8207 2333 during business hours (Monday to Friday, 8.30 am to 5.00 pm).
Are there any limits to the dutiable value of the document that can be stamped via RevNet?
No, a document can be stamped via RevNet regardless of the dutiable value of the document. However, RevenueSA staff have the ability to monitor transactions processed using RevNet and can select any document for auditing purposes.
Stamp
How does the document get stamped?
RevNet provides two stamping options:
- self-inking rubber stamp; or
- electronic slip printer.
RevenueSA provides one self-inking rubber stamp free of charge to all approved clients. Additional stamps are available and must be ordered through RevenueSA. A fee applies for each additional stamp purchased. To apply for additional stamps, complete the Additional Stamp Request Form and forward it to RevenueSA.
An electronic slip printer can be used for stamping documents in RevNet. The purchase, installation and maintenance of the slip printer is your responsibility. We will provide you with the appropriate files via RevNet for downloading onto the appropriate PC to enable the slip printer to operate with RevNet.
If you wish to use an electronic slip printer for stamping documents in RevNet, then the details about the slip printer are below:
Model: Epson Slip Printer - Model TM-U295.
Cost: Approximately $1,000. Please confirm cost with the supplier at time of ordering your printer.
Please contact RevenueSA on (08) 8207 2333 during business hours (Monday to Friday, 8.30 am to 5.00 pm) if you require further information about the slip printer.
Where do I buy an electronic slip printer?
The slip printer can be purchased from reputable printer suppliers. The details of the slip printer are below:
Model: Epson Slip Printer - Model TM-U295.
Cost: Approximately $1,000. Please confirm cost with the supplier at time of ordering your printer.
Please contact RevenueSA on (08) 8207 2333 during business hours (Monday to Friday 8.30 am to 5.00 pm) if you require further information about the slip printer.
I have misplaced my rubber stamp, what do I need to do?
If a self-inking rubber stamp is lost or misplaced, you must notify RevenueSA immediately, in writing. You also need to complete an Additional Stamp Request Form to apply for replacement stamps and forward this to RevenueSA, together with a cheque covering the cost of the replacement stamps.
I would like additional rubber stamps, what do I need to do?
RevenueSA provides one self-inking rubber stamp free of charge to all approved clients. Additional stamps are available and must be ordered through RevenueSA. A fee applies for each additional stamp purchased. To apply for additional stamps, complete the Additional Stamp Request Form and forward it to RevenueSA.
When is a document considered stamped?
When the RevNet ID has been assigned. The RevNet ID is assigned after you have accepted the stamp duty calculation ie. this is done by clicking on the 'Accept' button on the Calculation Confirmation screen.
What happens if I have stamped the document and then settlement does not proceed?
RevNet allows for voiding documents that have been stamped prior to you submitting the batch to RevenueSA. It will be necessary to manually cancel the stamp(s). Voided document information will remain in the batch and be available for viewing however, the fees associated with the document will not be debited from your bank account.
If the batch has been submitted to RevenueSA, the document cannot be voided and the stamped document must be forwarded to RevenueSA, GPO Box 1353, Adelaide SA 5001, together with a letter explaining the reason you are requesting a refund.
Audit and Compliance
Who is liable for omissions, errors etc. when processing documents and what are the penalties?
If a document is incorrectly stamped, RevNet allows for deleting and voiding of the document. If the document has been submitted to RevenueSA and stamp duty consequently paid, the stamped documents must be forwarded to RevenueSA, GPO Box 1353, Adelaide SA 5001, together with a letter explaining the error.
Under the provisions of section 4 of the Stamp Duties Act 1923 , the parties who executed the instrument are jointly and severally liable to pay the duty charged in respect of an instrument. While it is true that RevenueSA will, in all probability, pursue details of the relevant events concerning the transaction and the instrument with the RevNet participant, the ultimate liability for duty will rest with the parties. Where the RevNet participant has acted in a bona-fide fashion in its dealings with the matter it has no reason for concern.
The application of penalties and interest will be looked at on a case-by-case basis.
This stance is consistent with that of RevenueSA in the former non-RevNet environment.
What sort of verification programs are undertaken by RevenueSA?
RevenueSA conducts active compliance programs to ensure the correct stamp duty is being paid. This includes data matching with the Lands Titles Office.
Officers of RevenueSA also visit agents/taxpayers to ensure they have an understanding of the system and the documents they are processing. This assists with the formulation of ongoing education strategies.
In addition, officers of RevenueSA also write to agents/taxpayers to conduct desk audits on documents that have been stamped via RevNet to ensure that documents are stamped correctly and sufficient evidence has been retained to demonstrate why a document was stamped under a particular RevNet document heading.
How do I know what evidence I need to retain for audit purposes?
The audit requirements for documents that have been approved for self-stamping via RevNet are described in the Stamp Duty Document Guide which is available via the Online Help in RevNet or RevenueSA's website at www.revenuesa.sa.gov.au/revnet/helpfiles/sddocguide.html.
When retaining copies of stamped documents we would prefer all pages of the document to be kept by you (especially if the document is not submitted at the Lands Titles Office).
The documentation required for audit purposes must be kept for a period of five (5) years from the date the document was stamped and must be made available to a RevenueSA officer upon request. This is consistent with refund and record keeping provisions of the Taxation Administration Act 1996 .
You can store the evidentiary documentation either in hard copy or electronic format.
If you prefer to store your evidence offsite, you can. All we require is that the relevant evidence be produced when an audit is conducted. You will be given prior warning that an audit is being held; this will give you time to get the evidence out of storage and make it available to RevenueSA.
By using RevNet, are we personally liable for the stamp duty?
Under the provisions of section 4 of the Stamp Duties Act 1923, the parties who executed the instrument are jointly and severally liable to pay the duty charged in respect of an instrument. While it is true that RevenueSA will, in all probability, pursue details of the relevant events concerning the transaction and the instrument with the RevNet participant, the ultimate liability for duty will rest with the parties. Where the RevNet participant has acted in a bona-fide fashion in its dealings with the matter it has no reason for concern. This stance is consistent with that of RevenueSA in the former non-RevNet environment.
This page was last reviewed 24 September, 2007
