New South Wales Consolidated Acts

FARM DEBT MEDIATION ACT 1994 - SECT 5

5 Application of Act

(1) This Act applies in respect of creditors only in so far as they are creditors under a farm debt.

(2) This Act does not apply in respect of:

(a) a farmer whose property is subject to control under Division 2 of Part X of the Bankruptcy Act 1966 of the Commonwealth, or

(b) a farmer whose property is the subject of a bankruptcy petition presented by any person, or

(c) a farmer, being a corporation, that is an externally administered corporation within the meaning of the Corporations Act 2001 of the Commonwealth.