sec.594Mortgage duty on caveats

### sec.594 Mortgage duty on caveats This section applies if— before 1 July 2008, mortgage duty was imposed on a mortgage but was not paid; and on or after 1 July 2008, a caveat claimed an interest in land or a water allocation under the mortgage. On and from 1 July 2008, section 268 continues to apply to impose mortgage duty on the caveat. Mortgage duty is imposed on the caveat at the rate applicable at the time the duty was imposed on the mortgage. s 594 ins 2008 No. 39 s 19 (sec.594-ssec.1) This section applies if— before 1 July 2008, mortgage duty was imposed on a mortgage but was not paid; and on or after 1 July 2008, a caveat claimed an interest in land or a water allocation under the mortgage. (sec.594-ssec.2) On and from 1 July 2008, section 268 continues to apply to impose mortgage duty on the caveat. (sec.594-ssec.3) Mortgage duty is imposed on the caveat at the rate applicable at the time the duty was imposed on the mortgage. - (a) before 1 July 2008, mortgage duty was imposed on a mortgage but was not paid; and - (b) on or after 1 July 2008, a caveat claimed an interest in land or a water allocation under the mortgage.