18LCooling off period for mediation agreement

#### 18L Cooling off period for mediation agreement 18L Cooling off period for mediation agreement > > (1) There is to be a cooling off period for each mediation agreement between a farmer and a creditor. > > > (2) The cooling off period expires: > > > > > (a) at 5 pm on the 10th business day after the day on which the mediation agreement is entered into, or > > > > > (b) if a statement relating to the cooling off period was not included in the draft mediation agreement—at 5 pm on the 10th business day after the day on which a statement relating to the cooling off period is given to the farmer by the creditor as required by this Part. > > > (3) The cooling off period may be waived or varied by agreement in writing between the farmer and the creditor. > > > (4) The Authority may not issue an exemption certificate to a creditor on the ground that satisfactory mediation in respect of a farm debt has taken place if: > > > > > (a) a mediation agreement is in force in relation to the farm debt, and > > > > > (b) the cooling off period has not expired. > > **ss 18J–18L:** Ins 2018 No 16, Sch 1 \[10\].