QLDIn ForceAct
Duties Act 2001
sec.592Mortgage packages
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### sec.592 Mortgage packages
Subsection (2) applies if—
a mortgage package consists of 2 or more security instruments signed before 1 July 2008; and
the commissioner is satisfied that a mortgage signed on or after 1 July 2008 was intended to be part of the package.
Mortgage duty must be assessed on the mortgage package—
under previous chapter 5; and
as if the instruments comprising the package were 1 mortgage first signed on the day the last of the instruments signed before 1 July 2008 was signed.
s 592 ins 2008 No. 39 s 19
(sec.592-ssec.1) Subsection (2) applies if— a mortgage package consists of 2 or more security instruments signed before 1 July 2008; and the commissioner is satisfied that a mortgage signed on or after 1 July 2008 was intended to be part of the package.
(sec.592-ssec.2) Mortgage duty must be assessed on the mortgage package— under previous chapter 5; and as if the instruments comprising the package were 1 mortgage first signed on the day the last of the instruments signed before 1 July 2008 was signed.
- (a) a mortgage package consists of 2 or more security instruments signed before 1 July 2008; and
- (b) the commissioner is satisfied that a mortgage signed on or after 1 July 2008 was intended to be part of the package.
- (a) under previous chapter 5; and
- (b) as if the instruments comprising the package were 1 mortgage first signed on the day the last of the instruments signed before 1 July 2008 was signed.