Australian Capital Territory Consolidated Acts

DUTIES ACT 1999 - SECT 74

    (1)     A dutiable transaction is exempt from duty under this chapter if it is—

        (a)     a dutiable transaction over dutiable property arising from the discharge or transfer of a mortgage or declaration of trust over a mortgage; or

        (b)     a dutiable transaction comprising—

              (i)     a transfer by way of discharge of mortgage; or

              (ii)     a transfer by way of mortgage (other than a transfer by way of mortgage of land, or an estate or interest in land, under the Land Titles Act 1925 ).

    (2)     In this section:

"mortgage" means any charge on dutiable property created merely for securing a debt.