Australian Capital Territory Consolidated Acts

LAND TITLES ACT 1925 - SECT 101

    (1)     The registrar-general may, on lodgment of a discharge of mortgage or encumbrance, register a discharge of the mortgage or encumbrance to the extent specified in the discharge instrument.

Note 1     A fee may be determined under s 139 (Determination of fees, charges and other amounts) for lodgment of a discharge of mortgage or encumbrance.

Note 2     If a form is approved under s 140 (Approved forms) for a discharge, the form must be used.

    (2)     The discharge of mortgage or encumbrance may discharge the debt or annuity secured in relation to—

        (a)     subject to subsection (3), 1 or more parcels of land; or

        (b)     1 or more of the mortgagors or encumbrancers, as the case requires; or

        (c)     1 or more of the mortgagees or encumbrancees, as the case requires.

    (3)     A discharge of mortgage or encumbrance in relation to a parcel of land does not discharge the debt or annuity in respect of the parcel of land unless there is a separate certificate of title for that parcel.

    (4)     On registration of the discharge of mortgage or encumbrance, the mortgage or encumbrance, as the case requires, is discharged to the extent specified in the discharge instrument.