284Asset-backed securities

#### 284 Asset-backed securities 284 Asset-backed securities > > (1) Duty is not chargeable in respect of a transaction or instrument to the extent that it is, or effects, any of the following— > > > > > (a) the issue or making of an asset-backed security, > > > > > (b) the transfer or assignment of or other dealing with an asset-backed security, > > > > > (c) the discharge, cancellation or termination of an asset-backed security, > > > > > (d) an instrument that, in the Chief Commissioner’s opinion, was executed for the purpose of creating, issuing or marketing asset-backed securities, > > > > > (e) a mortgage over the interest of a person in a pool of assets, being a mortgage relating to debt securities that are asset-backed securities issued by the person to secure the repayment of financial accommodation provided to the person, > > > > > (f) a mortgage over a financial asset or pool of assets or part of a pool of assets in connection with creating, issuing, marketing or securing an asset-backed security, > > > > > (g) a policy of insurance covering any or all assets in a pool of assets acquired or held for the purpose of issuing asset-backed securities, but only so far as the instrument relates to asset-backed securities. > > > > Note. > > > > Asset-backed security and pool of assets are defined in the Dictionary. > > > (2) In this section, mortgage includes a charge. > > **s 284:** Subst 2010 No 46, Sch 1.3 \[39\]. Am 2012 No 20, Sch 1 \[25\].