NSWIn ForceAct
Duties Act 1997
218ASecurity
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218A Security
218A Security
(1) A stamped mortgage or a collateral mortgage that was, but is no longer, part of the same mortgage package and no longer secures the same money secured by that package is not security for any other advance unless duty in respect of the other advance has been paid.
(2) The withdrawal of a mortgage from a mortgage package will not, for the purposes of this Chapter, affect the amount for which the remaining mortgage or mortgages are security.
s 218A: Ins 2002 No 108, Sch 1 [23].