Duties Act 1997 No 123
Current version for 1 July 2019 to date (accessed 3 June 2020 at 10:22)
Chapter 12 Part 1 Section 293
293   Reassessments—failed instruments
(1)  An instrument that fails in its intended operation and becomes useless is not chargeable with duty under this Act.
(2)  The Chief Commissioner must make a reassessment of duty in respect of such an instrument if an application for a reassessment is made within:
(a)  5 years after the initial assessment, or
(b)  12 months after the instrument has failed,
whichever is the later.
(3)  The instrument in respect of which the application is made must be produced to the Chief Commissioner unless the Chief Commissioner dispenses with its production.
(4)  This section does not apply in respect of an instrument that effects a transfer of dutiable property.
Note.
 See Part 5 of Chapter 2 for refunds of duty under Chapter 2 on failed instruments. See Part 3 of Chapter 2A for refunds of surcharge purchaser duty on failed instruments.