171Certain debentures and related instruments

171 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. ***financial corporation*** means a corporation whose sole or principal business is providing finance to the public, including making loans to the public; S. 171(4) def. of *related corporation* amended by No. 44/2001 s. 3(Sch. item 32.7). ***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. Part 5—Miscellaneous