Farm Debt Mediation in NSW — A few problems
by ALEX ELLIOTT on 05/05/2012 · LEAVE A COMMENT · in MEDIATION

The object of the NSW Farm Debt Mediation Act 1994 is to provide for the efficient and equitable resolution of farm debt disputes. Mediation is required before a bank or financial institution can take possession of the farm or other farm property.

Section 10 of the Act provides that once a farmer gives notification that mediation is required, the bank or financial institution cannot take any enforcement action unless a certificate is in force under section 11.

Section 11 of the Act stipulates that a certificate will be issued by the Authority (NSW Rural Assistance Authority), if the Authority is satisfied that a satisfactory mediation has taken place in respect of the farm debt involved.

Mediation is a structured process in which the mediator, who must be a neutral and independent person, assists the farmer and the bank or financial institution to reach an agreement. That agreement may mean the capitalisation of interest, the extension of repayments, additional advances or increasing an overdraft limit. It may also mean the sale of certain assets over time. There are many possible settlement outcomes available to the parties.

The High Court of Australia in its decision in Waller v Hargraves Secured Investments Limited [2012] HCA 4 has added a substantial complication to the mediation process and any possible settlement.

In August 2003, Hargraves Secured Investment Limited advanced $450,000 to Ms Waller under a loan agreement. The advance was secured by a mortgage over Ms Waller’s farm. She defaulted on the loan.

Mediation was held under the provisions of the Farm Debt Mediation Act 1994. The parties entered into terms of settlement under which there was a second loan agreement for $640,000. This enabled the first loan to be paid out, along with past and future interest.

Ms Waller defaulted on the second loan.

Hargraves Secured Investment Limited commenced action in court for possession of the farm and judgment against Ms Waller.

Ms Waller appealed to the High Court from a decision of the NSW Court Appeal. The argument which was accepted by the High Court was that the enforcement proceedings were not in relation to the farm debt the subject of the mediation. There was now a new and different debt, which was distinct from the first loan. Hargraves Secured Investment Limited had not complied with the Act because the mediation only dealt with the first loan, not the new one.

So it seems that even if a section 11 certificate has been obtained in respect of a farm mortgage, a bank or financial institution must be careful that the farm debt it relates to is the same and has not been discharged in anyway prior to enforcement action. If in doubt it seems that a new notice to the farmer may have to be given.

The High Court’s decision may discourage future lending to farmers because of the uncertainty surrounding this decision. The bank or financial institution may play it safe and only offer in mediation the option of refinancing with another institution, selling the asset or agreeing to surrender the asset to the bank or financial institution. Anything else may complicate future enforcement proceedings.

This is clearly not in the interests of the rural community and the Act needs to be amended as a matter of urgency. A full range of options should be available to comply with the spirit of the legislation.

Alex Elliott

Edmonton Credit Counselling – Job Loss And Debt Help Edmonton AB – Debt reduction is front and center on many Canadians’ minds right now with soaring household debt levels – it doesn’t have to be this way – call our experienced credit counselors such as Arvinder Kalsey right now. You don’t need to struggle with debt, BSCC can help reduce your debt by over 50%-90% RIGHT NOW – call us today at 1-866-790-8984 – its free!

or Visit:

Business Solutions & Credit Counselling Services

Surrey/Vancouver office:
12033 92A Ave #205 Surrey, BC V3V 4B8
Tel: 604-951-8984
https://www.google.com/maps/d/edit?mid=z3X9D1QmScWs.kjLPMNEqwaxo

Toronto Office:
#43 – 8500 Torbram Road
Brampton, ON L6T 5C6
Tel: 905-789-8984
https://www.google.com/maps/d/edit?mid=z3X9D1QmScWs.kfJ5qQURWhEs

Calgary Office:
#210-3132 26 Street NE
Calgary, Alberta T1Y 6Z1
Tel: 403-714-8984

Edmonton Office:
Tel: 780-716-8984

Abbotsford Office:
#1A – 2497 Clearbrook Road
Abbotsford, BC V2T 2Y3
Tel: 604-951-8984
or Nationwide call: 1-866-790-8984

http://www.bscc.ca/
https://plus.google.com/u/0/100755473303544230759/about

Don’t spend another year racking up unnecessary debt and dig yourself deeper into an unrecoverable situation – we can help! You can avoid going into bankruptcy – it’s a negative mark on your credit and can last for 7-10 years – where a neutral credit counseling notation is REMOVED once someone completes the program. You really can turn your financial life around quickly – just call us and receive a free evaluation of your situation with some helpful advice and absolutely no obligation to take any action if you don’t wish to.

Remember – you DO NOT (and in a lot of cases, SHOULD NOT) always have to go into bankruptcy – we can share valuable information about your options that your bank or other credit counseling companies may not be willing to share with you – because it’s not in their best interest! We work on YOUR behalf, and thus ensure that you receive the very best information for your specific situation. Contact us today at BSCC for a free consultation about your finances – 2016 can be your year that you begin on the journey to finally becoming debt free!

For over a decade, the professionals at Business Solutions and Credit Counselling Services (BSCC), a registered, government-approved credit counseling firm, has assisted hundreds of thousands of consumers throughout Canada to avoid declaring bankruptcy, prepare a consumer proposal, rebuild their credit rating, and pay off their excessive charge card debt. These are clients who were once struggling to manage excessive debt and financial obligations. We work with each client individually, designing manageable, realistic programs to relieve their financial burden and stress.

For more information about using effective debt counseling nationwide wherever you live in Canada – and how to avoid bankruptcy and becoming debt free from high credit card debt or even business bankruptcies, please visit us at http://www.bscc.ca or call 1-866-790-8984 today! We have credit counseling offices in Toronto, Vancouver (Surrey), Calgary, Edmonton, and Abbotsford.

Become our fan on Facebook:
https://www.facebook.com/CreditAndFinancialCounselling

Follow us on Twitter:
https://twitter.com/AKalseyBSCC

Check out our Pinterest Boards:
http://www.pinterest.com/akalseybscc/

Follow us on Instagram:
http://instagram.com/creditcounselingbscc

Join us on YouTube:
https://www.youtube.com/user/acreditcounseling

Our Recent Videos:
https://www.youtube.com/watch?v=pFQ6_Ot2QY0
https://www.youtube.com/watch?v=eZEItLmB2QY
https://www.youtube.com/watch?v=XQzC0SBjREQ
https://www.youtube.com/watch?v=4rP9f1GoDFo
https://www.youtube.com/watch?v=e-iDGUN1YSA
https://www.youtube.com/watch?v=obMXlbfUhJ4
https://www.youtube.com/watch?v=zoOkm9NOjLc
https://www.youtube.com/watch?v=osxDUBdQ34A
https://www.youtube.com/watch?v=K7Uk1M-q_yw

Find Us In The News:
http://newswire.net/newsroom/pr/00091402-creditcounselingtoronto.html
http://newswire.net/newsroom/pr/00091904-debtreliefintoronto.html

Review Text:

After being laid off and with jobs tight here in Edmonton, I had to seek out an Edmonton credit counselling option and found BSCC. Mr. Kalsey showed me some great solutions, and I was able to stop the court order which would have affected my house. I’m on the path to being debt free which I never thought would ever happen. – Tim R.

In the beginning, paying off debt might seem impossible. Without a plan, it can be hard to know what step to take first.

In this video, I show you what tool I used to start my debt payoff journey.

It helped me decide which method I wanted to use, and it showed me the outcome for my decisions.

Need motivation? See how much interest you can save based on the method you choose, and how long it will take you to pay it all off.

LINKS REFERRED IN THIS VIDEO

Vertex42 Debt Snowball Calculator: https://bit.ly/2mLA5kR

The Budgeting Method That Changed My Life: https://www.thebudgetmom.com/the-budgeting-method-that-changed-my-life/

Join the TBM Family Facebook Community: https://www.facebook.com/groups/TheBudgetMomFamily/

How to Start Using the Cash Envelope Method:
https://www.thebudgetmom.com/how-to-start-using-the-cash-envelope-method/

Don’t forget to subscribe!

ABOUT ME
I’m the blogger behind https://www.thebudgetmom.com. I have a rambunctious 6-year-old son, live in Washington, and I’m passionate about helping people with money management and personal finance. Let me know what you like to learn more about! Leave me comments and suggestions on my video and let me know!

YOU CAN FIND ME AT:
Blog: https://www.thebudgetmom.com
Instagram: https://www.instagram.com/thebudgetmom/
Facebook: https://www.facebook.com/thebudgetmom/
Pinterest: https://www.pinterest.com/thebudgetmom/
Twitter: https://twitter.com/The_Budget_Mom

GET STARTED
Start Here: https://www.thebudgetmom.com/start-here/
Free Email Course: https://thebudgetmom.lpages.co/budget-blueprint-email-course/
Free Resources: https://www.thebudgetmom.com/access-the-free-resource-library/
GET 10% OFF my popular 2019 Budget-by-Paycheck Workbook – Coupon Code TBMYOUTUBE https://bit.ly/2BtpnTC

CONTACT
kumiko@thebudgetmom.com

?If you’re wondering about a quicker more affordable way to get rid of debt…here it is! If you have low income and need to start paying debts fast, be sure to check out this video about a method you need to use if you’re tired of making a bunch of pesky payments every month. I tried this once, and it turned out awesome for me! Stop complicating your process, and get on it today!

Grab Free 90-Day Rapid Repair E-Book– www.fixmyficonow.com
?Questions or Consults?
thecreditsolutionist@gmail.com (answers in 24-48 hours)
?Join the new Facebook Group! — https://www.facebook.com/groups/creditproacademy

#debtconsolidation #thecreditsolutionist #lowincome

debt consolidation loan,debt consolidation loans,debt consolidation,consolidation loans,consolidation,does debt consolidation do anything,pros and cons of debt consolidation,how to consolidate credit card debt,personal loan,debt relief,debt management,debt settlement,debt free,budget money debt cash,how to pay off debt fast,loan,debt,credit card,credit cards,loans,insurance,compound interest,dave ramsey,real estate,the dave ramsey show,credit card debt
debt consolidation,debt consolidation loans,consolidation,debt consolidation reviews,how debt consolidation works,debt consolidation bad credit,best debt consolidation loans,debt consolidation credit card,debt consolidation credit cards,debt consolidation pros and cons,how does debt consolidation work,is debt consolidation a good idea,best debt consolidation loans 2020,debt consolidation loans for bad credit,does debt consolidation do anything

paying off debt fast,how to pay off debt fast,how i paid off debt fast,pay off debt,paying off credit card debt fast,paying off debt,debt free,budget money debt cash,how to pay off debt,debt payoff,tips to pay off credit card debt faster,how to pay down debt,tips to pay off debt,debt,debt snowball,how to pay off debt quickly,how to pay off debt with low income

To some people, making a deal for debt is like making a deal with the devil. For others, debt is a necessary evil that must be put to good use. In this video, we shall look at what debt is. Is it good or bad? You’ll learn everything you need to know about debt. Enjoy!

#debt #business #management

Try Audible and get a free Audiobook: https://amzn.to/3d2dVBd

Timestamp
(01:41) Is debt good or bad?
Types of debt
(03:33) Mortgages
(04:29) Business debt
(05:13) Corporate debt
Types of corporate debt
(05:23) Bonds
(06:12) Commercial paper
(06:46) Credit Card debt
(07:42) Car loan
(08:48) Personal loan
(09:31) Medical debt

Popular Videos:

How Debt Can Make Money
https://youtu.be/xIMz8LW6xMY

11 Lies you’ve been told about success
https://youtu.be/hhjaJTI7KgU

13 Signs you cannot trust someone
https://www.youtube.com/watch?v=TA89uwqJFbU

9 Steps to strategize Your life, Career and Business in 2021
https://www.youtube.com/watch?v=g_HwL_OTmHg

8 Powerful Lessons from The Art of War by Sun Tzu – https://www.youtube.com/watch?v=cWq4WI3ca_M&t=19s

5 Steps You Should Use To Get A Promotion – https://www.youtube.com/watch?v=atoXH6_kKhE

10 Legit Ways To Make Money And Passive Income Online – How To Make Money Online – https://www.youtube.com/watch?v=EAj0ZsYcHkQ

Build Unbreakable Self Discipline With These 5 Rules – https://www.youtube.com/watch?v=Ul0uQrFZNAs

References: https://bit.ly/2TWiSWp

Practical Wisdom – Interesting Ideas

DISCLAIMER: I’m not a financial adviser. These videos are for educational purposes only. No official financial advice is being given. Please always check with a professional before making any investments or financial decisions. Your investments are your sole responsibility, these videos merely share my own opinions with no guarantee of gain or losses.
– The Audible link is an affiliate link meaning if you make a purchase using the link, I will receive a small commission at no extra charge to the buyer.

† Listen This Miraculous Prayer to Pay Debts, and Multiply The Money! †
——————————————

? This powerful prayer will help you attract and multiply the Money so you can pay all your Debts.

Relax, release all your worries for the duration of the prayer, and ask God for what you need with great faith.

———————————————————————

? Do not forget to share this prayer with all who need it, May God bless you.

?If you want to make a donation follow this link: paypal.me/prayersonvideo

————————————————–

Please if you liked the video give it a thumbs up and share it to help me spread the word.

? Also remember to subscribe and click the bell to receive a Mighty Prayer every day.

Amén. ??

———————————————————–

FOLLOW US IN OUR SOCIAL MEDIA, NEW CONTENT EVERY DAY:

? Facebook: https://www.facebook.com/Prayers-On-Video-106134590772668/?modal=admin_todo_tour

? Instagram: https://www.instagram.com/prayersonvideo/

? Youtube: https://www.youtube.com/channel/UC9lQwv98fG4cZI_cRVt8aWQ?sub_confirmation=1

———————————————————————

® Produced and Designed by Prayersonvideo ©™

Forbidden its total or partial reproduction, or making a copy without authorization of the Channel leads to a report with Youtube, besides that God will judge you and punish you for stealing, not stealing!

———————————————————————
#prayers #praise #pray #god #believe

coronavirus, british tv, british tv shows, watch uk tv online, watch british tv online, boris johnson coronavirus, coronavirus uk, boris johnson corona, corona, health, editor’s picks, big news, today, the today show, today show, nbc, nbc news, donna farizan, al roker, today show news, news, dw documentary, full documentary, dw, documentary 2020, china, surveillance, beijing, coronavirus, documentary,

Our Head Consuotant Nangamso Makalima explaines debt counselling / debt review.

Result of Small Debt Counsellor Category at the 2020 Online Debt Review Awards Show.

For more info: www.debtreviewawards.co.za

The Thing About Debt No One Talks About
Say goodbye to debt forever. Start Ramsey+ for free: https://bit.ly/35ufR1q

Visit the Dave Ramsey store today for resources to help you take control of your money! https://goo.gl/gEv6Tj

Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch debt-free screams, Dave Rants, guest interviews, and more!

Want to watch FULL episodes of The Ramsey Show? Make sure to go to The Ramsey Show (Full Episodes) at: https://www.youtube.com/c/TheRamseyShowEpisodes?sub_confirmation=1

Check out the show at 4pm EST Monday-Friday or anytime on demand. Dave Ramsey and his co-hosts talking about money, careers, relationships, and how they impact your life. Tune in to The Ramsey Show and experience one of the most popular talk radio shows in the country!

Ramsey Network (Subscribe Now!)

• The Ramsey Show (Highlights):
https://www.youtube.com/c/TheRamseyShow?sub_confirmation=1
• The Ramsey Show (Full Episodes): https://www.youtube.com/c/TheRamseyShowEpisodes?sub_confirmation=1
• The Dr. John Delony Show: https://www.youtube.com/c/JohnDelony?sub_confirmation=1
• The Rachel Cruze Show: https://www.youtube.com/user/RachelCruze?sub_confirmation=1
• The Table with Anthony ONeal: https://www.youtube.com/user/aonealministries?sub_confirmation=1
• The Ken Coleman Show: https://www.youtube.com/c/TheKenColemanShow?sub_confirmation=1
• The Christy Wright Show: https://www.youtube.com/c/ChristyWright?sub_confirmation=1
• EntreLeadership: https://www.youtube.com/c/entreleadership?sub_confirmation=1

Putin cancels Africa’s debts worth over US$20 billion. Russia has become a key ally to many African countries, and Putin has made significant strides in strengthening the relationship between the two regions. At the “Russia-Africa in a multipolar world” conference, Putin reiterated Russia’s commitment to prioritizing cooperation with African nations. The cancellation of African debts is just one example of the bold steps Russia has taken to build a more productive and mutually beneficial relationship with the continent over the years.
Putin has cancelled more than $20 billion in debt owed by African countries. This debt had been accumulated during the Soviet era. In the past, Russia had attempted to collect these debts, which were mainly a result of Moscow’s previous alliances with African countries that supported its communist ideology. During this time, Russia provided military equipment and technical assistance to countries such as Angola, Algeria, the Democratic Republic of Congo (DRC), Ethiopia, Namibia, Mozambique, Morocco, and South Africa, among others. As a result, many African nations found themselves heavily indebted to Russia, with official documents estimating the total amount at $20 billion.

?????????
?SUPPORT US /AFFILIATE LINKS
Use this affiliate link for your purchases at #MIZIZI International –
https://bit.ly/3hajEY9
Support our channel –
PayPal: newafricachannel(at)outlook.com
Follow us on Instagram – https://www.instagram.com/thenewafricachannel/
Follow us on Twitter – https://twitter.com/TheNewAfricaCh1
Join us on Facebook – https://www.facebook.com/thenew.africachannel.3
?????????
?COPYRIGHT DISCLAIMER
The New Africa Channel doesn’t fully own some of the materials compiled in its videos. It belongs to people or organizations who ought to be respected.
If used, it falls under the following provisions: Copyright disclaimer section 107 of the Copyright Act 1976. “Fair use” is allowed for purposes such as criticism, comment, news reporting, teaching, scholarships, and research.
? If you are the owner of the materials used in this video, contact us, and we will follow your request immediately: info(at)thenewafricachannel.com
?????????
?COMMENTING POLICY
Keep your comments and posts appropriate, helpful, and relevant. Any offensive, disrespectful, harmful, threatening, vulgar, obscene, or inappropriate content will be removed immediately. Spamming, vandalizing, promoting, and advertising are also not allowed. While we encourage free speech and open discussion, attacking or harassing other users is not tolerated. Repeat violators of this policy will be reported and may face a ban.
?????????
#AfricaNews #TopAfricaNews #News #NewsAfrica #AfricaNews