Queensland Consolidated Acts

DUTIES ACT 2001 - SECT 285

285 Exemption—mortgages under particular Acts

Mortgage duty is not imposed on the following instruments—

(a) a mortgage given to secure an advance to a co-operative under the Co-operatives National Law (Queensland) whose members are primary producers, if the mortgage secures advances to finance—

(i) the acquisition of primary produce; or

(ii) payments to suppliers on account of primary produce marketed for the suppliers; or

(iii) working or other expenses, other than capital expenses, incidental to the acquisition, processing or marketing of primary produce;

(b) a mortgage given to secure an advance to a parents and citizens association formed under the Education (General Provisions) Act 2006 ;

(c) a mortgage given by a society registered as a cooperative housing society under the Financial Intermediaries Act 1996 to secure—

(i) an advance made, or to be made to the society, by the Treasurer; or

(ii) an advance guaranteed by the Treasurer and made, or to be made, to the society by—

(A) a financial institution; or

(B) another entity prescribed under a regulation;

(d) a mortgage given to secure an advance made by the Brigalow Corporation under the Land Act 1994 , chapter 8 , part 7A ;

(e) a mortgage of a tenure, or interest in a tenure, under the Offshore Minerals Act 1998 ;

(f) a mortgage of, or a mortgage of an interest in, an access authority, licence, permit or pipeline licence under the Petroleum (Submerged Lands) Act 1982 .