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Land Title Act 2000
87Deemed mortgage
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87 Deemed mortgage
(1) The registered owner of a lot that is subject to a registered statutory
charge relating to the payment of money is to be taken to have
executed an instrument of mortgage to secure the payment of the
statutory charge subject to the terms and conditions, if any, under
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the law by which the statutory charge was established.
(2) The person entitled to the benefit of the statutory charge is to be
taken to be the mortgagee of the deemed mortgage referred to in
subsection (1), and has the powers of a mortgagee under this Act.