Farm Mortgage Disputes Tripled: VSBC 2023-24 Report

Victorian Small Business Commission

The Victorian Small Business Commission (VSBC) Annual Report 2023-24, tabled in parliament today, disclosed that 64 applications were made for exemption certificates, a legal requirement before creditors can seek to recover a farm debt, almost triple the 24 applications received last financial year.

"We assist farmers to confidentially sit down with creditors and negotiate a way forward," Victorian Small Business Commissioner Lynda Mc-Alary Smith said. "I strongly encourage farmers experiencing financial stress to

/Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).