Under the Farm Debt Mediation scheme mediation services are provided by the Victorian Small Business Commission. The Victorian Small Business Commission is an independent office established by the Victorian government to assist small business – including farm businesses.
Farm debt mediation is low-cost. The cost of mediation is currently $195 per session for each participant. Parties are responsible for their own travel and preparation costs in attending mediation.
Mediations will generally be conducted within six weeks of being brought before the Small Business Commission. While complex cases may take longer, there are also provisions in the legislation for the Small Business Commission to terminate the mediation process after three months if mediation has not occurred.
Mediations are generally concluded in one session. However, this depends on the circumstances of individual cases.
The Victorian Small Business Commission may be contacted on 13 22 15 or www.vsbc.vic.gov.au.