Queensland Consolidated Acts

FARM BUSINESS DEBT MEDIATION ACT 2017 - SECT 22

22 Giving documents to mortgagee

(1) The farmer must give the mortgagee documents or up-to-date information about—

(a) the farmer’s most recent taxation return prepared for lodgement with the Australian Taxation Office; and

(b) the farmer’s assets and liabilities; and

(c) the farmer’s cash flow projections for a period of at least 1 year.

(2) The farmer must comply, at the farmer’s cost, with subsection (1) within—

(a) 30 business days after receiving a notice from the mortgagee under section 16 (3) ; or

(b) a longer period agreed between the farmer and the mortgagee, in consultation with the mediator.

(3) The farmer gives a document that is an electronic document by giving a clear image or written version of the document.

(4) If the farmer fails to comply, or to make reasonable efforts to comply, with this section, the farmer has failed to take part in the mediation in good faith.