Queensland Consolidated Acts Queensland Consolidated Acts(1) Where 2 or more liens given by way of collateral security to mortgages over the same land shall be renewed they shall take effect as between themselves in the same order of priority as such mortgages and not in the order of the registration of such liens, but no lien given to secure purchase money with or without interest under any agreement of sale, or given as collateral security to a second or subsequent mortgage, or given to secure any rent or royalty payable under a lease shall be renewed after a prior vendor mortgagee or lessor has lawfully entered into possession of such land, unless at the time of the renewal of such lien there shall be filed a written consent thereto signed by such prior vendor or mortgagee or lessor.
(2) However, subsection (1) does not affect the priority of a lien whose registration is renewed because of section 13(1).