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Farm Debt Mediation Act 1994
18KMediation agreements
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#### 18K Mediation agreements
18K Mediation agreements
> > (1) If the parties are satisfied that a draft mediation agreement sets out the main points agreed on by them during, or within 24 hours after the end of, the mediation, the parties may enter into a mediation agreement by signing the draft agreement.
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> > (2) A mediation agreement is binding on the parties to the agreement.
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> > (3) A mediation agreement may be varied or replaced by a further agreement in writing between the parties.
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> > (4) If the mediation agreement does not include the statement relating to the cooling off period for the agreement as required by this Part, the creditor who is a party to the agreement is to give to the farmer a statement relating to the cooling off period.
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> > (5) The statement given by the creditor is to be in the approved form.
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> **ss 18J–18L:** Ins 2018 No 16, Sch 1 \[10\].