Farm Business Debt Mediation Regulation 2017 (Qld)

Farm Business Debt Mediation Regulation 2017

Part 1 Preliminary

1 Short title This regulation may be cited as the Farm Business Debt Mediation Regulation 2017.

2 Commencement This regulation commences on 1 July 2017.

3 Definitions In this regulation— change of mediator notice see section 8(2). mediator nomination notice see section 5(1). response to mediator nomination notice see section 6(1).

4 Purpose of regulation— Act , s 18 This regulation prescribes, for section 18 of the Act, the way in which parties to a farm business debt must choose a mediator to conduct a mediation for the farm business debt.

Part 2 Choosing mediator

5 Farmer nominates 3 preferred mediators (1) The farmer must give the mortgagee a notice (a mediator nomination notice) that states at least 3 mediators, in order of preference, from which the mortgagee may choose a mediator. (2) A mediator nomination notice may be included in, or given with, a request for mediation notice. (3) The mediator nomination notice must be given no later than 7 business days after the mortgagee gives the notice under section 16(3)(b) of the Act. (4) A copy of the mediator nomination notice must also be given to the authority no later than the time mentioned in subsection (3).

6 Mortgagee responds to nominated mediators (1) The mortgagee must give a notice (a response to mediator nomination notice) to the farmer in response to the mediator nomination notice— (a) choosing a mediator from those nominated in the mediator nomination notice; or (b) rejecting the nominated mediators. (2) A response to mediator nomination notice may be included in, or given with, a notice given by the mortgagee under section 16(3)(b) of the Act. (3) The response to mediator nomination notice must be given no later than 7 business days after receiving the mediator nomination notice. (4) A copy of the response to mediator nomination notice must also be given to the authority no later than the time mentioned in subsection (3).