Duties Act 1997 No 123
Historical version for 1 January 2012 to 5 January 2012 (accessed 22 December 2014 at 01:26) Current version
Chapter 7Part 2Section 218C

218C   Multi-jurisdictional statement

(1)  If mortgage duty is imposed on the dutiable proportion of a mortgage (whether for a mortgage over property not wholly in New South Wales, a mortgage package or on initial or subsequent advances), the mortgagor and mortgagee must, within 3 months after the liability arises:
(a)  make a written statement, in an approved form, about the location and value of the secured property, and
(b)  lodge the statement with the Chief Commissioner.

Maximum penalty: 100 penalty units.

(2)  The making and lodging of a statement under subsection (1) by either the mortgagor or the mortgagee relieves the other person from complying with that subsection.
(3)  The statement may be taken to be the mortgage, or mortgages comprising the mortgage package.
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