Queensland Consolidated Acts

DUTIES ACT 2001 - SECT 271

271 What is a home mortgage

(1) A
"home mortgage" is a mortgage given by a person to the extent that the mortgage secures an advance to the person to finance the purchase or construction of the person’s home or a further interest in the person’s home.

(2) A home mortgage or, if there is more than 1 home mortgage, at least 1 of them, must be over the residential land.