Queensland Consolidated Acts

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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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