Duties Act 2001

Mortgage duty is not imposed on the following—

a mortgage of an asset-backed security or release of mortgage of an asset-backed security;

a mortgage of a financial asset or pool of financial assets or part of a pool of financial assets for creating, issuing, marketing or securing an asset-backed security—

to a person entitled to an asset-backed security or a trustee or agent for a person entitled to an asset-backed security; or

by or to a person who issues, makes or endorses an asset-backed security; or

to a person who provides security, whether as guarantor, surety or otherwise, to a person entitled to an asset-backed security or a trustee or agent for a person entitled to an asset-backed security;

a mortgage of an instrument—

issued or made for creating, issuing, marketing or securing payments under an asset-backed security; and

that is of a class prescribed under a regulation.