Farm Debt Mediation Select Committee Report
The Primary Production Committee’s report on the Farm Debt Mediation Bill No 2 is now available on the NZ Parliament website and you can read it HERE.
The Committee has made a number of recommendations to amend the Bill in respect to
- Clarification to some key terms use in the Bill
- Initiation of mediation before a farmer is in default
- Position of guarantors
- Multi-party mediation
- Costs of mediation
- Situations of urgency
- Duration of mediation
The Bill will now return to the House for further consideration. MPI advises that the intent remains that the Bill is enacted by the end of 2019.