18C

Farmer to nominate mediator

Current

(1)

If a farmer and creditor agree to enter into mediation in respect of a farm debt, the farmer must nominate a mediator.

(2)

A creditor cannot nominate a mediator but must accept or reject the mediator nominated by a farmer.

(3)

If a creditor rejects the mediator nominated by a farmer, the farmer must nominate a panel of at least 3 other mediators. The creditor must choose from the panel one mediator to mediate between the farmer and the creditor.

This Act’s bill:Explanatory memorandum Second reading speech

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