Farm Business Debt Mediation Act 2017
sec.48Applying for exemption certificate
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sec.48 Applying for exemption certificate
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. The application must— be in the approved form; and state the facts and circumstances forming the basis of the ground on which the mortgagee claims an exemption certificate should be issued; and be accompanied by the fee prescribed by regulation. (sec.48-ssec.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. (sec.48-ssec.2) The application must— be in the approved form; and state the facts and circumstances forming the basis of the ground on which the mortgagee claims an exemption certificate should be issued; and be accompanied by the fee prescribed by regulation.
- (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.