Duties Act 1997 No 123
Current version for 11 January 2013 to date (accessed 20 May 2013 at 14:29)
Chapter 7Part 3Section 219

219   Additional advances of not more than $10,000 in 12 months

Duty is not chargeable on additional advances secured by or under a mortgage if the total of the additional advances so secured does not exceed $10,000 in any 12-month period, not being the period of 12 months following the making of the initial advance.
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