Lodgement Notes
Purpose:
Transfer by Mortgagee exercising Power of Sale where mortgage is over a CT or CL. The mortgagee has the power pursuant to the Real Property Act 1886 to sell the land if there is a default in the payment of the debt.
A Certificate to the effect that Section 55A of the Law of Property Act 1936 has been complied with, is required and may be endorsed below the instructional notes.
Fees:
Generally, the Registration fee is assessed (at the date of sale) on either the consideration for the transfer or the value of the interest being transferred as assessed by the Commissioner of State Taxation. WHICHEVER IS GREATER. The Registration fee is calculated exclusive of GST and plant or equipment.
Further information is available at http://www.legislation.sa.gov.au/LZ/C/R/Real%20Property%20(Fees)%20Regulations%202002.aspx
Panel Forms:
T4
Related Information:
Notice to Lodging Parties 4, 29
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