184745-1931-Supplementary-Draft-Bill--Estate-Duty — Page 10

1383

may also require any such person to deliver to him and verify on oath a statement in writing of such particulars.

(7) Nothing in this section shall render a bona fide Protection purchaser for valuable consideration without notice of bond fide liable to or accountable for estate duty.

purchaser without

notice.

57 & 58 Vict. c. 30, s.

8 (18).

delivered to the

(8) All affidavits and accounts required under Affidavits this section shall be delivered to the Commissioner, and accounts who shall make such inquiry respecting the contents to be of, or the particulars verified by, such affidavit or accounts and the value of the various properties Commis- included therein as he thinks necessary, and the sioner. person making or tendering any such affidavit shall attend at the office of the Commissioner, whenever required by him, and shall furnish and produce such explanations and documentary or other evidence as the Commissioner may require.

(9) When the Commissioner has ascertained the Final ascer- amount of estate duty payable in respect of any tainment of accounts delivered to him in pursuance of this Ordin- amount of

estate duty, ance he shall notify the accountable person of his decision by means of a certificate in the prescribed form. If such amount exceeds the amount of estate duty already paid in respect of the said accounts the accountable person shall forthwith pay the excess to the Commissioner,

(10) In every case in which the Commissioner is satisfied that too much estate duty has been paid, the excess shall be repaid by him.

Repayment of excess duty.

57 & 58 Vict. c. 30, s.

8 (12).

(11) Where the accountable person discovers that Duty to for any reason too little estate duty has been paid disclose he shall forthwith deliver to the Commissioner & liability further account, verified by oath, and shall at the to further

estate duty. same time pay the difference between the estate duty chargeable according to the true value of the estate and the estate duty already paid.

(12) Where the Commissioner discovers that any Power to property which ought to have been disclosed by require

to further

affidavit or account has not been so disclosed he disclosure shall notify the accountable person and call upon himn of liability to disclose such property and pay the estate duty estate duty. thereon, and the accountable person shall, within one month of the giving of such notice by the Com- missioner, deliver an original or a further account, as the case may require, disclosing such property, and shall at the same time pay the estate duty thereon.

(13) The Commissioner may remit the interest Power to payable on estate duty where the amount of remit such interest is in his opinion so small as not to interest on repay the expense and labour of calculation and estate duty. account.

(14) Every person who shall have been called upon Penalties for after the lapse of one year from the death for an breach of original account, or at any time for a further account, foregoing under sub-section (12) and every person who without 57 & 58 Vict.

provisions. lawful authority or reasonable excuse fails to comply c. 30, s. with any of the provisions of this section shall be liable 8 (6). to pay to the Commissioner, in addition to the estate duty (if any), a penalty of one thousand dollars, or a penalty equal to the amount of the estate duty (if any) at the rate set out in the applicable Schedule remaining unpaid for which he is sooountohla

Page 10Page 11