s 247A
In forceAbolition of mortgage duty from 1 July 2008
Chapter 5Mortgage duty
Part 1Preliminary
247A Abolition of mortgage duty from 1 July 2008
(1)
Despite anything to the contrary in this chapter, mortgage duty is not imposed—
(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.
(2)
This section is subject to chapter 17, part 9, division 1.
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