Queensland Consolidated Acts

FARM BUSINESS DEBT MEDIATION ACT 2017 - SECT 6

6 Meaning of mediation for a farm business debt

(1)
"Mediation" , for a farm business debt, is 1 or more meetings conducted by a mediator to facilitate discussion between the farmer and the mortgagee—

(a) when the farmer has defaulted, or is at risk of defaulting, under the farm mortgage; and

(b) that aims to bring about an agreement between the farmer and the mortgagee about 1 or more matters relating to the farm business debt.

Examples of matters that may be agreed—

• the way for the farmer to remedy a default under the farm mortgage

• how the farm mortgage may be enforced or discharged

(2) Each meeting mentioned in subsection (1) is a
"mediation meeting" .

(3) A reference in this Act to mediation includes—

(a) an activity for promoting discussion and bringing about agreement about a matter during mediation; and

(b) anything said or done to prepare for a mediation meeting or to follow up a matter discussed or agreed at a mediation meeting.