Queensland Consolidated Acts

LAND ACT 1994 - SECT 344

344 Amending priority of mortgages

(1) The priority of registered mortgages may be amended by registering a document amending priority.

(2) The document amending priority must—

(a) state the order of priority of all affected registered mortgages; and

(b) be executed by all mortgagees affected by the amendment.

(3) On registration of the document amending priority, the mortgages have priority in the order stated in the document.