Farm Business Debt Mediation Act 2017
sec.30AVarying heads of agreement
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sec.30A Varying heads of agreement
The parties to a mediation may, at any time, agree to vary a heads of agreement relating to the mediation and any contract, mortgage or other document entered into by the parties to give effect to the heads of agreement. However, subsection (1) applies only if the farmer who was a party to the mediation has had a reasonable opportunity to seek legal advice about varying the heads of agreement. The agreement must be in writing. Subsection (1) does not apply to varying the cooling-off period for the heads of agreement. (sec.30A-ssec.1) The parties to a mediation may, at any time, agree to vary a heads of agreement relating to the mediation and any contract, mortgage or other document entered into by the parties to give effect to the heads of agreement. (sec.30A-ssec.2) However, subsection (1) applies only if the farmer who was a party to the mediation has had a reasonable opportunity to seek legal advice about varying the heads of agreement. (sec.30A-ssec.3) The agreement must be in writing. (sec.30A-ssec.4) Subsection (1) does not apply to varying the cooling-off period for the heads of agreement.