Queensland Consolidated Regulations Queensland Consolidated Regulations(1) A mortgage can not be created over employees' remuneration or employment benefits or benefits under a superannuation scheme unless the regulations permit it to do so.
(2) An obligation under a credit contract can not be secured by a cheque, or bill of exchange or promissory note, endorsed or issued by the debtor or guarantor.
(3) A mortgage or security is void to the extent that it contravenes this section.