(1) A counterpart of a mortgage or a collateral security for an amount secured by a mortgage is taken to be the mortgage and may accordingly be stamped or upstamped for mortgage duty purposes if, on application by or on behalf of a person who is a party to the mortgage, the Commissioner is satisfied that—
(a) the mortgage has been lost or destroyed; or
(b) because of being deposited in the Office of Titles or from other reasonable cause, the mortgage cannot conveniently be produced.
(2) For the purposes of subsection (1), a reproduction of a mortgage or a collateral security for an amount secured by a mortgage is taken to be a counterpart of that mortgage if it is purported to be signed by the Registrar of Titles.
S. 174(3) repealed by No. 69/2009 s. 54(Sch. Pt 1 item 17).
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Chapter 8—Insurance
Part 1—Introduction and overview