Queensland Consolidated Acts Queensland Consolidated Acts(1) A mortgagee, or other person owning any estate or interest in land by way of security for money, shall not be liable to land tax in respect of that mortgage, estate, or interest, but the commissioner may require a mortgagee to pay tax on behalf of the owner, and the mortgagee shall thereupon pay the same; and upon such payment shall have the right to recover the amount paid from the owner, and in addition such amount shall be deemed to be part of or added to the principal moneys advanced under the mortgage and shall be recoverable as such, with interest accordingly.
(2) The mortgagee must pay the land tax required to be paid by the mortgagee under subsection (1).
Maximum penalty--20 penalty units.