LoreThis is the first of four short videos that explain key features of the Farm Debt Mediation Act 1994 (NSW). In NSW a lender has to offer confidential mediation before taking possession or other enforcement action for a farm mortgage. Farmers may ask for mediation at any time. This video explains the main steps in a mediation process, the benefits of mediating, and that farmers can seek help to prepare for mediation from Rural Financial Counsellors, accountants or lawyers. More information is available from the NSW Rural Assistance Authority’s website (https://www.raa.nsw.gov.au/) or a NSW Rural Financial Counsellor.
This is video two in a four part series that explains farm debt mediation in NSW. This video focuses on how to prepare for the mediation. It explains the benefits of preparing well, and the information and assistance that is available. It also explains the role of the mediator, the effect of a satisfactory mediation, the statutory cooling off period for each mediation agreement, and appeal mechanisms.
This is video three in a four part series that explains farm debt mediation in NSW. This video focuses on the role of the mediator and others attending a farm debt mediation under the Farm Debt Mediation Act 1994. In NSW, a panel of nationally accredited mediators help lenders and farmers to have effective conversations about farm business issues. The video also discusses how others can provide support and assistance during a farm debt mediation. It notes that mediators are neutral facilitators who do not provide legal or financial advice.
This is video four in a four part series that explains farm debt mediation in NSW. This video discusses the role of the mediator, how parties can mediate effectively, and the types of agreements that might be negotiated during the mediation. It also explains the next steps after a satisfactory mediation, including the certificate issued and appeal mechanisms. More information is available from the NSW Rural Assistance Authority’s website or a NSW Rural Financial Counsellor.