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Farm Debt Mediation Act 2011 (Vic): A new paradigm for the enforcement of farm mortgages in Victoria

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Creditors seeking to take possession or other enforcement action under a farm mortgage in Victoria will need to comply with the requirements of the Farm Debt Mediation Act 2011 (Vic) (Act) failing which any such enforcement action may be void and could result in the creditor and any officer who knowingly authorised or permitted the contravention of the Act to be prosecuted.

Please see full alert below for more information.


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Published In: Agriculture Updates, Alternative Dispute Resolution (ADR) Updates, Finance & Banking Updates, Commercial Real Estate Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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