(a) if
satisfactory mediation in respect of the farm debt concerned has taken place,
or the farmer has failed to take part in mediation in good faith--the period
of 3 years commencing on the last date of the mediation, or
(b) if the farmer
has indicated in writing that the farmer does not wish to enter into or
proceed with mediation--the period of 3 years commencing on the date the
indication was given to the Authority or creditor, or
(c) if the farmer has
failed to respond to a notice inviting mediation within the period of 20
business days (or any longer period allowed by the Authority for the purposes
of determining the application for the exemption certificate)--the period of 3
years commencing immediately after the end of the period required or allowed
for the response, or
(d) in any other case--the period of 3 years commencing
on the date the certificate was issued.
(3) An exemption certificate may not
be issued after the date on which it would, if issued, expire under subsection
(2).
(5) The expiry of an exemption certificate does not affect any proceedings for
recovery of a farm debt, or for the exercise or enforcement of any right of
the creditor, already taken or commenced by a creditor while the certificate
was in force, and any such proceedings may be continued and concluded as if
the certificate were still in force.
(6) The reference in subsection (5) to
the commencement of proceedings does not include a reference to the giving of
any statutory enforcement notice or other action taken in order to fulfil a
condition precedent to the enforcement of a right otherwise than through
proceedings in a court or tribunal.