Queensland Consolidated Acts

DUTIES ACT 2001 - SECT 247

247 Imposition of mortgage duty

(1) This chapter imposes duty (
"mortgage duty" ) on instruments that are mortgages, particular caveats claiming an interest under mortgages and particular releases of mortgages.

Note—

Concessions and exemptions for mortgage duty are dealt with in parts 6 and 7 . Also, other exemptions are dealt with in chapter 10 .

(2) Mortgage duty is imposed on the amount secured by a mortgage.

Note—

See part 4 (Amount secured by a mortgage).