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FARM DEBT MEDIATION ACT 1994 - SECT 11C
Implementing Heads of Agreement
(1) A contract, deed, mortgage or other instrument entered into as a result
of, or pursuant to, Heads of Agreement between a farmer and a creditor must
reflect the relevant Heads of Agreement.
(2) A creditor who is a party to any
contract, deed, mortgage or other instrument which purportedly results from,
or is pursuant to, Heads of Agreement between the creditor and a farmer but
which fails to reflect the relevant Heads of Agreement is guilty of an
offence. Maximum penalty (subsection (2)): 100 penalty units.
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