Section 150 of the Principal Act is amended as follows:

(a) by omitting subsection (1) and substituting the following subsection:

(1)  A mortgage package is –

(a) 2 or more security instruments –

(i) that, at a liability date, secure or partly secure the same money; and

(ii) at least one of which is a security affecting property wholly or partly outside Tasmania; and

(iii) at least one of which is a mortgage; or

(b) a mortgage executed after the liability date if the Commissioner is satisfied that the mortgage was intended to be part of the package.

(b) by omitting from subsection (5) "and section 149(8) and (9) apply to the statement" .