sec.247AAbolition of mortgage duty from 1 July 2008

### sec.247A Abolition of mortgage duty from 1 July 2008 Despite anything to the contrary in this chapter, mortgage duty is not imposed— on a mortgage first signed, or that first affects property in the State, on or after 1 July 2008; or in relation to an advance or further advance made on or after 1 July 2008, under a mortgage first signed, or that first affects property in the State, before 1 July 2008; or on an instrument that, on the deposit of instruments of title to property in Queensland, first becomes a mortgage or evidences the terms of a mortgage on or after 1 July 2008. This section is subject to chapter 17 , part 9 , division 1 . s 247A ins 2008 No. 39 s 8 (sec.247A-ssec.1) Despite anything to the contrary in this chapter, mortgage duty is not imposed— on a mortgage first signed, or that first affects property in the State, on or after 1 July 2008; or in relation to an advance or further advance made on or after 1 July 2008, under a mortgage first signed, or that first affects property in the State, before 1 July 2008; or on an instrument that, on the deposit of instruments of title to property in Queensland, first becomes a mortgage or evidences the terms of a mortgage on or after 1 July 2008. (sec.247A-ssec.2) This section is subject to chapter 17 , part 9 , division 1 . - (a) on a mortgage first signed, or that first affects property in the State, on or after 1 July 2008; or - (b) in relation to an advance or further advance made on or after 1 July 2008, under a mortgage first signed, or that first affects property in the State, before 1 July 2008; or - (c) on an instrument that, on the deposit of instruments of title to property in Queensland, first becomes a mortgage or evidences the terms of a mortgage on or after 1 July 2008.