Farm Debt Mediation
NSW Farm Debt Mediation videos now available
Find out all you need to know about NSW farm debt mediation with RAA' s four new educational videos. Click here.
Farm Debt Mediation Amendment Act 2018 (NSW)
The Farm Debt Mediation Amendment Act 2018 (NSW) passed by the NSW Parliament on 3 May 2018 will enhance the principal Act by strengthening its accessibility, flexibility and fairness.
The amendments commence on proclamation.
For more information about the amendments click here.
About Farm Debt Mediation
'Farm Debt Mediation' is a structured negotiation process in which the mediator, as a neutral and independent person, assists the farmer and the creditor in attempting to reach agreement on the present arrangements and future conduct of financial relations between them. Mediation is a simple, voluntary and confidential process that is quick, accessible and affordable.
The object of mediation under the Farm Debt Mediation Act 1994 is to provide for the efficient and equitable resolution of farm debt disputes. Mediation is required before a creditor can take possession of property or other enforcement action under a farm mortgage.
It is recommended that farmers employ a professional adviser. The adviser can be your local Rural Financial Counsellor, your Solicitor, your Accountant or some other appropriately qualified person. The role of the parties' adviser in mediation will be to, fully prepare their clients for, and then to assist and advise, rather than represent them, during the process and on any settlement options raised, and perhaps, assist the mediator with drafting the terms of any settlement reached. It is essential that any adviser employed have a clear understanding of the mediation process and sound financial skills.
- What is mediation? 218.0 KB
- Information brochure 47.8 KB
- Farm Debt Mediation Act 1994 (www.legislation.nsw.gov.au)
- Mediation kit
- Farmer-initiated mediation (including forms)
- Creditor-initiated mediation (including forms)
- Research and reports
- Electronic Lodgement of Applications
- Farm Debt Mediation Act 1994 (NSW) - 2018 Amendments
- NSW Farm Debt Mediation videos