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Well here is my view, although Australian Law may be different.
You need to have permission of the original rights holder of the song (ie the original artist) to make the remix. No one will care if you do it for a hobby but if you want to make money off it, you need their permission. They are also likely to want royalties as a result.
Once you have made a song, or done any written piece, you automatically own the rights/title to that piece of material. If a label releases your song without your permission, then you have the right to legal action over breach of copyright.
Once you sign a contract with a label, you no longer have title to that song, the label now owns all copyright to it. If you want to remix a song, then you may have to pay royalties to the original mix's title holder, who may or may not be the original artist. More than often, it is a record company.
Kinda complicated really. That's why lawyers make so much money.
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