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FARM BUSINESS DEBT MEDIATION ACT 2017 - SECT 29
Revoking heads of agreement during cooling-off period
29 Revoking heads of agreement during cooling-off period
(1) The farmer may revoke the heads of agreement during the cooling-off
period.
(2) The farmer revokes the heads of agreement by serving the
mortgagee with a notice of the revocation signed by the farmer, the farmer’s
lawyer or another authorised agent.
(3) When the notice is served on the
mortgagee, the heads of agreement has no effect.
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