What the official record says
This Act is the Farm Debt Mediation Act . This Act comes into force on the day after the date on which it receives the Royal assent. This Act amends the Receiverships Act 1993 (the ). After section 42 insert as new Part 2: In this , unless the context otherwise requires,— means lending to farmer(s) by registered banks and non-bank lending institutions as defined by the Reserve Bank of New Zealand means the Arbitrators’ and Mediators’ Institute of New Zealand, its successors or another body appointed under delegated legislation means the Banking Ombudsman Scheme means an independent AMINZ mediator for the time appointed by Banking Ombudsman means mediation by an accredited AMINZ mediator. of this Act are deferred until at least 10 working days following the Mediator’s summary of mediation.