Queensland Consolidated Acts

FARM BUSINESS DEBT MEDIATION ACT 2017 - SECT 28

28 Mediator’s obligations after heads of agreement entered

(1) After receiving a signed heads of agreement from the parties to a mediation, the mediator must ensure each party has a copy of the heads of agreement—

(a) signed by each party; and

(b) that states—

(i) if the parties have waived the cooling-off period—there is no cooling-off period for the heads of agreement; or

(ii) otherwise—the days on which the cooling-off period for the heads of agreement starts and ends.

(2) If, after signing the heads of agreement, the parties agree to shorten or extend the cooling-off period, the mediator must ensure each party has a copy of the heads of agreement that states—

(a) the parties have agreed to shorten or extend the cooling-off period; and

(b) the day on which the parties have agreed the cooling-off period ends.