Farm Business Debt Mediation Act 2017
sec.28Mediator’s obligations after heads of agreement entered
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sec.28 Mediator’s obligations after heads of agreement entered
After receiving a signed heads of agreement from the parties to a mediation, the mediator must ensure each party has a copy of the heads of agreement— signed by each party; and that states— if the parties have waived the cooling-off period—there is no cooling-off period for the heads of agreement; or otherwise—the days on which the cooling-off period for the heads of agreement starts and ends. If, after signing the heads of agreement, the parties agree to shorten or extend the cooling-off period, the mediator must ensure each party has a copy of the heads of agreement that states— the parties have agreed to shorten or extend the cooling-off period; and the day on which the parties have agreed the cooling-off period ends. (sec.28-ssec.1) After receiving a signed heads of agreement from the parties to a mediation, the mediator must ensure each party has a copy of the heads of agreement— signed by each party; and that states— if the parties have waived the cooling-off period—there is no cooling-off period for the heads of agreement; or otherwise—the days on which the cooling-off period for the heads of agreement starts and ends. (sec.28-ssec.2) If, after signing the heads of agreement, the parties agree to shorten or extend the cooling-off period, the mediator must ensure each party has a copy of the heads of agreement that states— the parties have agreed to shorten or extend the cooling-off period; and the day on which the parties have agreed the cooling-off period ends.
- (a) signed by each party; and
- (b) that states— (i) if the parties have waived the cooling-off period—there is no cooling-off period for the heads of agreement; or (ii) otherwise—the days on which the cooling-off period for the heads of agreement starts and ends.
- (i) if the parties have waived the cooling-off period—there is no cooling-off period for the heads of agreement; or
- (ii) otherwise—the days on which the cooling-off period for the heads of agreement starts and ends.
- (i) if the parties have waived the cooling-off period—there is no cooling-off period for the heads of agreement; or
- (ii) otherwise—the days on which the cooling-off period for the heads of agreement starts and ends.
- (a) the parties have agreed to shorten or extend the cooling-off period; and
- (b) the day on which the parties have agreed the cooling-off period ends.