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DUTIES ACT 2001 - SECT 600 Cancellation of registration to defer endorsement—s 446A

DUTIES ACT 2001 - SECT 600

Cancellation of registration to defer endorsement—s 446A

600 Cancellation of registration to defer endorsement—s 446A

(1) This section applies if, immediately before 1 July 2008, a self assessor was registered under previous section 446A to defer endorsement, under section 455(1)(c), of mortgages for further advances under the mortgages.
(2) On 1 July 2008, the registration is cancelled.
(3) However, the self assessor must, by 1 January 2009, comply with section 455(1)(c) in relation to any endorsement deferred under previous section 455(4).