The State Government recently announced that it has established a scheme to assist farm and pastoral businesses to settle disputes with their finance providers.
Access to the scheme can be initiated by either the farm or pastoral business or the financial institution, and although not mandatory, all parties are encouraged to participate.
The Farm Debt Mediation Scheme will be administered by the Rural Business Development Corporation at the Department of Agriculture and Food, with mediation facilitated by the Small Business Development Corporation (SBDC) through its Alternative Dispute Resolution (ADR) service.
To view the State Government’s media statement on scheme, click on the link: http://www.mediastatements.wa.gov.au/pages/StatementDetails.aspx?listName=StatementsBarnett&StatId=9582
To view a flow chart which explains the application process, click on the link: http://www.wafarmers.org.au/wp-content/uploads/2015/06/FDM-Flow-Chart.pdf
For further information, contact the WAFarmers office on (08) 9486 2100 or email [email protected]