(1) Mortgage duty is not chargeable on so much of an advance to a natural
person or a strata corporation for the acquisition of farm machinery or a
commercial vehicle as is secured by the mortgage.
(2) In this section--
"commercial vehicle" means--
(a) a motor vehicle or trailer within the meaning
of the Road Transport Act 2013constructed or adapted principally for the
carriage of goods but does not include a motor vehicle of the kind known as a
utility, a station wagon or a panel van, or
(b) a vehicle without motive
power of its own and constructed or adapted principally for the carriage of
goods and for being drawn by a motor vehicle within the meaning of that Act.
"farm machinery" means--
(a) a harvester, binder, tractor, plough or other
agricultural implement, or
(c)
any other goods of a class commonly used for the purposes of a
farming undertaking that are determined by the Chief Commissioner to be
farm machinery for the purposes of this section,
(a) any agricultural, apicultural, dairy
farming, horticultural, orcharding, pastoral, poultry keeping, viticultural or
other business involving the cultivation of the soil, the gathering of crops
or the rearing of livestock, and
(b) the business of taking fish, crustacea,
oysters or any other marine, estuarine or fresh-water animal life, and
(c)
the cutting of timber for sale, and
(d) any class of business determined by
the Chief Commissioner to be a farming undertaking.
