The chattel Mortgage is effectively a mortgage over equipment. It requires registration and incurs various registration fees payable by the lessee. It has certain upfront GST benefits.
Disclaimer: The above is a generic representation only. It does not constitute financial advice or mortgage structuring advice. It is only to be used as a guide only. Please discuss your financial needs with a financial planner, accountant or your banking representative.
No reliance should be placed on the above information.