55Particulars of mortgages may be required

55 Particulars of mortgages may be required (1) The Executive may, by written notice require a person from whom an interest in land, other than a mortgage interest, has been acquired by compulsory process, to provide the Executive with the following particulars: (a) whether the interest was, immediately before the acquisition, subject to any mortgages; (b) in relation to each mortgage (if any) to which the interest was, immediately before its acquisition, subject— (i) the name and address of the mortgagee; and

(ii) the amount of principal secured by the mortgage at the time of the acquisition of the interest; and (iii) the amount of interest, costs and charges due under the mortgage at that time. (2) If the person fails to provide the Executive with the particulars within 30 days after the giving of the notice, or such further period as the Executive by writing, allows, the Executive may agree with any person claiming to be a mortgagee of the interest in land as to the amounts due under the mortgage and the firstmentioned person is debarred from disputing the correctness of any amounts so agreed. Division 6.4 Claims for, and offers of,