Credit (Rural Finance) Bill 1995 (Qld)

Queensland

CREDIT (RURAL FINANCE) BILL 1995

Queensland

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CREDIT (RURAL FINANCE) BILL 1995

TABLE OF PROVISIONS

Section Page

Hn nA ff Ww NY

~ 11141619 PART 1—PRELIMINARY

Short title 20.6... 4 Commencement .... 0.0.6... cece ccc cette eee eens 4 Definitions and dictionary .... 2.0.0.0... 0.00 c eee eee eee ee 4 Purpose of this Act... 2.0... cece eee eee 4 Act applies to all persons ........ 0.06.0 5 Courts with jurisdiction under this Act... 6.6.6.6... cece cece ee 5 PART 2—DEFAULT NOTICE Mortgagee must give default notice........ 66... ee eee 6 Requirements for default notice ...........0 0... c eee eee eee 6 Exception to s 7—further default during notice period................. 7 Exception to s 7—taking possession to protect equipment ............. 7 Other exceptions tOS 7 1.6... cece cece teen ees 8 Onus on mortgagee to show s 7 does not apply.............0 0005-00 e 8

PART 3—RELIEVING ORDER

Mortgagor may apply for a relieving order ..............0.000 eee eee 8 Notice of application .......... 0.0.0 eee ee 9 Effect of serving notice of application............. 00. e eee eee eee 9 Court may make relieving order... 1.0.0.0... eee eee 10 Compliance with relieving order ........... 000000000000 c eee eee ee 11 PART 4—MISCELLANEOUS Compensation for non-compliance by mortgagee................00... 11 This Act in addition to other laws ........ 0.00.0. e cece eee eee 11

Contracting out... 6... eee eee 12 Credit (Rural Finance) 2224

Service of notices on each mortgagee, mortgagor or guarantor.......... 12 Approval of forms ...... 0.00... cece eee eee 12 Regulation making power... ....... 0.0.0... c cece eee eee 12 Transitional... 2.0... ete nents 12

SCHEDULE ......................... 14

DICTIONARY

A BILL

FOR

An Act to give protection to farmers against the enforcement of mortgages over equipment used for farming