Queensland Consolidated Regulations Queensland Consolidated Regulations(1) A credit provider may, by written notice to a mortgagor under a goods mortgage, require the mortgagor to inform the credit provider within 7 days where the mortgaged goods are and, if the mortgaged goods are not in the mortgagor's possession, to give the credit provider all information in the mortgagor's possession that might assist the credit provider to trace the goods.
(2) A mortgagor who contravenes a notice under this section is guilty of an offence.
Maximum penalty--50 penalty units.