Queensland Consolidated Acts

FARM BUSINESS DEBT MEDIATION ACT 2017 - SECT 12

12 Restriction on mortgagee enforcement action

(1) A mortgagee must not take enforcement action under a farm mortgage unless—

(a) this Act does not apply in relation to the farmer or the farm mortgage; or

(b) an exemption certificate is in force for the farm mortgage.

Penalty—

Maximum penalty—100 penalty units.

Note—

If a corporation commits an offence against this provision, an executive officer of the corporation may be taken, under section 89 , to have also committed the offence.

(2) Enforcement action that is taken by a mortgagee in relation to a farm mortgage in contravention of subsection (1) has no effect.

(3) Subsection (2) applies despite any other Act or law.