South Australian Numbered Acts

STATUTES AMENDMENT (BUDGET 2005) ACT 2005 (NO 28 OF 2005) - SECT 14

14—Amendment of section 82—Unregistered mortgages protected by caveats

Section 82(1) & (2)—delete subsections (1) and (2) and substitute:

        (1)         A caveat under the Real Property Act 1886 to protect an interest arising under an unregistered mortgage is, if the unregistered mortgage is liable to stamp duty and has not been produced for stamping, liable to stamp duty.

        (2)         The amount of duty chargeable on a caveat to which subsection (1) applies is the same as would be payable on the mortgage if produced for stamping.