Queensland Consolidated Acts
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FARM BUSINESS DEBT MEDIATION ACT 2017 - SECT 3
Purpose
3 Purpose
(1) The purpose of this Act is to provide an efficient and equitable way for
farmers and mortgagees to resolve matters relating to farm business debts.
(2) The purpose is achieved mainly by— (a) providing for mediation as a way
for farmers and mortgagees, participating in good faith, to efficiently and
equitably resolve matters relating to farm business debts; and
(b) requiring
a mortgagee, before taking action to enforce a mortgage securing a
farm business debt— (i) to offer mediation for the farm business debt to the
farmer; and
(ii) if the farmer asks for the mediation—to take part in the
mediation in good faith; and
(c) providing that action that is taken to
enforce a mortgage securing a farm business debt in contravention of this Act
has no effect.
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