218CMulti-jurisdictional statement

#### 218C Multi-jurisdictional statement 218C Multi-jurisdictional statement > > (1) If mortgage duty is imposed on the dutiable proportion of a mortgage (whether for a mortgage over property not wholly in New South Wales, a mortgage package or on initial or subsequent advances), the mortgagor and mortgagee must, within 3 months after the liability arises— > > > > > (a) make a written statement, in an approved form, about the location and value of the secured property, and > > > > > (b) lodge the statement with the Chief Commissioner. > > > > Maximum penalty—100 penalty units. > > > > Note. > > > > An offence against subsection (1) committed by a corporation is an executive liability offence attracting executive liability for a director or other person involved in the management of the corporation—see section 121 of the [Taxation Administration Act 1996](/view/html/inforce/current/act-1996-097). > > > (2) The making and lodging of a statement under subsection (1) by either the mortgagor or the mortgagee relieves the other person from complying with that subsection. > > > (3) The statement may be taken to be the mortgage, or mortgages comprising the mortgage package. > > **s 218C:** Ins 2002 No 108, Sch 1 \[23\]. Am 2012 No 97, Sch 1.9 \[2\].