Queensland Consolidated Acts

FARM BUSINESS DEBT MEDIATION ACT 2017 - SECT 57

57 Effect of exemption certificate ending

(1) The ending of an exemption certificate does not affect the following proceedings in a court or tribunal started or taken by the mortgagee while the certificate was in force—

(a) proceedings to recover the farm business debt;

(b) proceedings to exercise or enforce a right under the farm mortgage.

(2) A reference in subsection (1) to proceedings started does not include a reference to—

(a) giving a statutory enforcement notice; or

(b) taking any other action that must be taken by the mortgagee before a right under the farm mortgage can be exercised or enforced.