Queensland Consolidated Acts

DUTIES ACT 2001 - SECT 130I

130I Exemption—mortgage-backed securities

(1) Transfer duty is not imposed on a dutiable transaction that is a transfer, or agreement for the transfer, of a mortgage or pool of mortgages for creating, issuing, marketing or securing a mortgage-backed security.

(2) Also, transfer duty is not imposed on a dutiable transaction that—

(a) is the creation of a trust of dutiable property or a trust acquisition; and

(b) is required for creating, issuing, marketing, acquiring or securing a mortgage-backed security.

(3) In addition, transfer duty is not imposed on a dutiable transaction that is a trust surrender required to give effect to a redemption of a mortgage-backed security.