Western Australian Current Acts

STAMP ACT 1921 - SECT 81

81 .         Terms used in this Part ^{1M, 1MC}

                In this Part, unless the contrary intention appears —

        advance has the meaning given in section 83;

        collateral mortgage means a mortgage that is or is to be stamped as a collateral mortgage under section 91B;

        corresponding Act means an Act of another State that deals with the imposition and assessment of mortgage duty (however described);

        home mortgage has the meaning given in section 85;

        liability date , in relation to a mortgage, means a date on which the liability to pay mortgage duty on the instrument arises;

        loan , in relation to a mortgage, has the meaning given in section 84;

        mortgage has the meaning given in section 82;

        mortgage duty means duty payable on a mortgage in accordance with this Part;

        mortgage package has the meaning given in section 91A;

        referable point means the document used under section 91(3) to work out the dutiable proportion of a mortgage;

        secured amount , in relation to a mortgage, means the amount determined under Division 3 as the amount secured by the mortgage;

        security interest , in relation to property, means the estate or interest of a mortgagee, chargee or other secured creditor.

        [Section 81 inserted: No. 66 of 2003 s. 79.]

        [Modification, to section 81, to have effect under the Commonwealth Places (Mirror Taxes Administration) Act 1999 s. 7, see Commonwealth Places (Mirror Taxes Administration) Regulations 2007 r. 41 and endnote 1M.]

        [Modification, to section 81, to have effect under the Commonwealth Places (Mirror Taxes) Act 1998 (Commonwealth) s. 8, see Commonwealth Places (Mirror Taxes) (Modification of Applied Laws (WA)) Notice 2007 cl. 45 and endnote 1MC.]