Application of 2005 amending Act
9 Application of 2005 amending Act
In this clause, the 2005 amending Act means the Farm Debt Mediation Amendment (Water Access Licences) Act 2005.
The amendments made by the 2005 amending Act extend to a farm mortgage involving an interest in, or power over, an access licence (within the meaning of the Water Management Act 2000) that was entered into before the commencement of the 2005 amending Act, even if the farmer is in default under the farm mortgage before the commencement of the 2005 amending Act.
However, the amendments made by the 2005 amending Act do not affect any enforcement action commenced before the commencement of the 2005 amending Act.
This Act’s bill:Explanatory memorandumSecond reading speech
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