Australian Capital Territory Consolidated Acts

LANDS ACQUISITION ACT 1994 - SECT 39

Where a mortgage interest is acquired by compulsory process, the mortgagee retains, in respect of so much of the mortgage debt as is not discharged by section 57, any rights and remedies that the mortgagee may have—

        (a)     against the mortgagor; or

        (b)     in respect of any interest in land that is still subject to the mortgage.