QLDIn ForceAct
Farm Business Debt Mediation Act 2017
sec.7When mediation has been satisfactory
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sec.7 When mediation has been satisfactory
Mediation for a farm business debt has been satisfactory if— as a result of the mediation, the farmer and the mortgagee have entered into a heads of agreement; or the mediation has proceeded as far as it reasonably can with the farmer and the mortgagee having participated in good faith, but they have not entered into a heads of agreement; or the mediation is of a type, or a class, or meets criteria prescribed by regulation for this paragraph.
- (a) as a result of the mediation, the farmer and the mortgagee have entered into a heads of agreement; or
- (b) the mediation has proceeded as far as it reasonably can with the farmer and the mortgagee having participated in good faith, but they have not entered into a heads of agreement; or
- (c) the mediation is of a type, or a class, or meets criteria prescribed by regulation for this paragraph.