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Farm Business Debt Mediation Bill

New legislation passed by the Queensland Parliament saw QRIDA assume an expanded range of functions under a new name from 1 July 2017.

The Farm Business Debt Mediation Act 2017 (Act) Qld includes:

  • Name change for QRIDA to the Queensland Rural and Industry Development Authority (QRIDA)
  • Establishment of a compulsory Farm Business Debt Mediation program to provide a process for the efficient and equitable resolution of farm debt disputes – the program is managed by a separate Business unit within QRIDA with robust information barriers to protect the integrity of this new role
  • Expansion of policy and research functions with a focus on farm finance matters
  • Undertake rural debt surveys in Queensland commencing with the period January 2012 to December 2017
  • Creation of an office within the Authority called the Farm Business Debt Restructure Office, with specific functions yet to be determined.

The Act commenced on 1 July 2017.

See Ministerial statement following passage of FBDM Bill.
Farm Business Debt Mediation Act 2017(Qld)
Explanatory notes

Last updated
27 July 2017