Noosa News
Farm debt mediation scheme for Tasmania is long overdue says banking victim
Tasmanian farmers in financial strife will have access to an independent mediator during debt discussions with their creditors.
Key points:
- Tasmania to legislate Farm Debt Mediation scheme
- Any agreement reached through mediation will be binding
- A victim of banking malpractice encourages mental health support during mediation
The new legislated Farm Debt Mediation scheme is based on the NSW model, operating for the last 25 years.
Under this proposal, farmers can initiate the mediation process, whether they are in financial default or not.
Under the scheme, mediation costs would be shared equally between the farmer and creditor.
The push to set up a local scheme was triggered by Commissioner Kenneth Haynes 2019 in his report into the banking and…
-
Noosa News23 hours agoTributes for father Braiden Timmins and son Hendrix-hemi killed by ute in Regents Park, south of Brisbane
-
Noosa News18 hours agoUrgent warning to locals as multiple crews battle major industrial fire at Rocklea in Brisbane’s south
-
Noosa News23 hours agoInvestigation underway after man found dead on Fitzroy River in Central Queensland
-
Noosa News23 hours agoMurder accused behind bars after body found at suburban park Slacks Creek, south of Brisbane