Duties Act 2001

If mortgage duty is imposed on the dutiable proportion of a mortgage, (whether for a mortgage over property not wholly in Queensland, a mortgage package or on original or subsequent advances), the mortgagor or mortgagee must make a statement in the approved form about the location and value of the secured property.Maximum penalty—40 penalty units.

The making of a statement under subsection (1) by the mortgagor or mortgagee relieves the other person from complying with the subsection.

The statement may be taken to be the mortgage, or mortgages comprising the mortgage package.