New South Wales Consolidated Acts

FARM DEBT MEDIATION ACT 1994 - SECT 11AA

11AA Heads of Agreement

(1) If it appears to a mediator that a farmer and a creditor who are parties to a mediation have agreed, or are about to agree, on an issue between them, the mediator must personally prepare for the consideration of the parties a document setting out the main points of agreement on the issue.

Note: Failure to comply with this section may result in the withdrawal of the accreditation of a mediator (see section 12 (3)).

(2) If the parties are satisfied that the document sets out the main points agreed on by them during, or within 24 hours of the end of, a mediation, the parties may enter into Heads of Agreement by signing the document.

Note: Under section 17 (3A), a person representing a party to a mediation must have written authority to enter into Heads of Agreement.