New South Wales Consolidated Acts
[Search this Act]
DUTIES ACT 1997 - SECT 218A
(1) A stamped mortgage or a collateral mortgage that was, but is no longer,
part of the same mortgage package and no longer secures the same money secured
by that package is not security for any other advance unless duty in respect
of the other advance has been paid.
(2) The withdrawal of a mortgage from a
mortgage package will not, for the purposes of this Chapter, affect the amount
for which the remaining mortgage or mortgages are security.
AustLII: Copyright Policy