Issue of prohibition certificate
13 Issue of prohibition certificate
The
Commission must issue a prohibition certificate to a farmer who is entitled to a certificate under section 12.
If mediation has taken place under this Act, the Commission must have regard to the report of the mediator who conducted the mediation to determine whether satisfactory mediation has occurred.
A creditor must not commence enforcement action against a farmer if a prohibition certificate is in force in respect of the farm mortgage held by that creditor.
A prohibition certificate expires—
6 months after the day on which the prohibition certificate was issued; or
on the day on which the farmer and creditor enter into mediation in respect of the farm debt, whichever is the earlier.
This Act’s bill:Second reading speech
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