Queensland Consolidated Acts

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FARM BUSINESS DEBT MEDIATION ACT 2017 - SECT 48

Applying for exemption certificate

48 Applying for exemption certificate

(1) The mortgagee for a farm mortgage may apply to the authority for a certificate (an
"exemption certificate" ) exempting the mortgagee from the obligation to offer mediation under this Act before taking enforcement action in relation to the farmer’s default under the farm mortgage.
(2) The application must—
(a) be in the approved form; and
(b) state the facts and circumstances forming the basis of the ground on which the mortgagee claims an exemption certificate should be issued; and
(c) be accompanied by the fee prescribed by regulation.



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