Duties Act 2001

Mortgage duty is not imposed on the following—

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

a mortgage of a mortgage or pool of mortgages or part of a pool of mortgages for creating, issuing, marketing or securing a mortgage-backed security—

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

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

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

a mortgage of an instrument—

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

that is of a class prescribed under a regulation.