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Scheduled maintenance

The Duties, Payroll Tax and Parking Space Levy online services are unavailable between 8.00am and 10.00am on Sunday, 30 August 2015 due to scheduled maintenance. We apologise for any inconvenience.

Mortgage duty

Mortgage

Duty on mortgages will be abolished from 1 July 2016.

Mortgage duty is payable on the amount secured by a mortgage.

The amount secured by a mortgage is the amount of any advance made under an agreement, understanding or arrangement for which the mortgage is security.

Mortgage duty must be paid within 3 months after the date of the first signing of the document or the date of an advance.

  • Duty on mortgages for the purpose of owner occupied housing was abolished on 1 September 2007. Borrowers must be natural persons.
  • Duty on mortgages for the purpose of investment housing was abolished on 1 July 2008. Borrowers must be natural persons.

Rates and thresholds

The current rate of duty is:

Amount secured Rate of duty
$0 – 16,000 $5
Over $16,000 $5 plus $4 for every $1,000, or part of $1,000, over $16,000
Further advances $4 for every $1,000, or part of $1,000 of the amount secured
Last updated: 30 July 2015