225Certain debentures and related instruments

#### 225 Certain debentures and related instruments 225 Certain debentures and related instruments > > (1) Mortgage duty is not chargeable on a mortgage solely securing the repayment of advances arising from the issue by a financial corporation or a related corporation of a debenture. > > > (2) Mortgage duty is not chargeable on a mortgage in respect of advances arising from the issue by a financial corporation or a related corporation of a debenture if the mortgage secures in part the repayment of those advances. > > > (3) This section applies to a debenture issued, or a mortgage executed, by a related corporation only in so far as the debenture is issued, or the mortgage is executed, for the purposes of raising funds to be used for a financial corporation. > > > (4) In this section— > > > > financial corporation means a corporation whose sole or principal business is providing finance to the public, including making loans to the public. > > > > related corporation, in relation to a particular financial corporation, means a corporation that is, with respect to the financial corporation, a related body corporate within the meaning of the [Corporations Act 2001](http://www.legislation.gov.au/) of the Commonwealth. > > **s 225:** Am 1998 No 104, Sch 2 \[31\]; 2001 No 34, Sch 4.14 \[15\].