18KMediation agreements

#### 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. > > > (2) A mediation agreement is binding on the parties to the agreement. > > > (3) A mediation agreement may be varied or replaced by a further agreement in writing between the parties. > > > (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. > > > (5) The statement given by the creditor is to be in the approved form. > > **ss 18J–18L:** Ins 2018 No 16, Sch 1 \[10\].