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FARM BUSINESS DEBT MEDIATION ACT 2017 - SECT 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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