10Contracting out of Act prohibited

10 Contracting out of Act prohibited

(1)  A provision of an agreement or other instrument (whether in writing or not and whether entered into before or after the commencement of this section) is void to the extent that it purports to exclude, modify or limit the application of a provision of this Act.

(2)  A provision of an agreement or other instrument (whether in writing or not and whether entered into before or after the commencement of this section) is void to the extent that it purports to have a farmer (whether as debtor or guarantor) or a guarantor indemnify a Creditor for any loss or liability arising under this Act.

(3)  A Creditor who is a party to an agreement, or other instrument, referred to in subsection (1) or (2) is guilty of an offence.

Penalty:  Fine not exceeding 60 penalty units.