QLDIn ForceAct
Farm Business Debt Mediation Act 2017
sec.5Meaning of farm business debt
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sec.5 Meaning of farm business debt
A farm business debt is an amount owed by a farmer that— was borrowed for the purpose of conducting a farming business; and is secured by a farm mortgage.
- (a) was borrowed for the purpose of conducting a farming business; and
- (b) is secured by a farm mortgage.