The Queensland Farm Finance Strategy (QFFS) has been superseded by legislated farm business debt mediation. Due to this, the QFFS has been removed from the Queensland Farmers’ Federation website.
The Queensland Farm Finance Strategy (QFFS) has been superseded by legislated farm business debt mediation. Due to this, the QFFS has been removed from the Queensland Farmers’ Federation website.
On 1 July 2017, the Farm Business Debt Mediation Act 2017 (Qld) replaced the voluntary mediation scheme that was part of the QFFS.
The Queensland Rural and Industry Development Authority (QRIDA), formerly QRAA, is responsible for administering the mediation process.
Mediation is required before mortgagees can take possession of a property or other enforcement action under a farm mortgage.
Farmers looking for assistance should contact QRIDA or the Rural Financial Counselling Service* (RFCS).
QRIDA Farm Business Debt Mediation website: www.qrida.qld.gov.au/fbdm
* The RFCS provides free services to assist eligible clients with their farm finance strategies. There are two services which, between them provide coverage across Queensland. Head offices are based in Roma (07 4622 5500) and Longreach (07 4652 5666). Interested people may also approach their nearest counsellor directly – you can find their locations and details at: https://www.rfcsnq.com.au/ and https://www.rfcsqsw.org.au/.