which could include the possible sale of your farming property. I’ve attached a copy of the Queensland Farm Finance Strategy. It’s a voluntary scheme that NAB participates in. You will see that under the scheme the bank has agreed to offer formal mediation to customers when the bank is considering taking action under its mortgages to sell farming property. As the bank is now considering taking action under its mortgages to sell farming property, I have enclosed – And he has enclosed a notice of their intention to take enforcement action against you, against the property, and the forms for you to respond to the bank?Yes. Respond to the bank. And then they suggest that you get some assistance from various people, including financial counsellors, Aid, or a private solicitor or accountant?Yes. All right. Do you remember getting this letter?Yes. And what did you think when you got it?We were very frightened, yes. Did you had you anticipated something like this was going to happen?No. – Okay. But you did know that you were behind in your payments?Yes. And you were having some trouble with your cattle because of the weather?Yes. Is that ?Yes. at this time?Yes. Before you got this letter, had you thought about putting one or both of the properties up for sale?No, no. They wouldn’t have been in a condition to sell. Because of the drought?Yes. So in that letter the bank proposed farm debt mediation. Had you been to a farm debt mediation before?No. Did you know some people who had been?No. Okay. Did you know what it was?Not particularly, no. And did you speak to the rural financial counsellor as the bank had suggested?Yes. It also says you can get advice from Legal Aid. Did you end up getting some advice from Legal Aid?Yes. And did you speak with Legal Aid directly or did your financial counsellor arrange that for you?He arranged that for us, yes.
which could include the possible sale of your farming property. I’ve attached a copy of the Queensland Farm Finance Strategy. It’s a voluntary scheme that NAB participates in. You will see that under the scheme the bank has agreed to offer formal mediation to customers when the bank is considering taking action under its mortgages to sell farming property. As the bank is now considering taking action under its mortgages to sell farming property, I have enclosed – And he has enclosed a notice of their intention to take enforcement action against you, against the property, and the forms for you to respond to the bank?Yes. Respond to the bank. And then they suggest that you get some assistance from various people, including financial counsellors, Aid, or a private solicitor or accountant?Yes. All right. Do you remember getting this letter?Yes. And what did you think when you got it?We were very frightened, yes. Did you – had you anticipated something like this was going to happen?No. Okay. But you did know that you were behind in your payments?Yes. And you were having some trouble with your cattle because of the weather?Yes. Is that ?Yes. at this time?Yes. Before you got this letter, had you thought about putting one or both of the properties up for sale?No, no. They wouldn’t have been in a condition to sell. Because of the drought?Yes. So in that letter the bank proposed farm debt mediation. Had you been to a farm debt mediation before?No. Did you know some people who had been?No. Okay. Did you know what it was?Not particularly, no. And did you speak to the rural financial counsellor as the bank had suggested?Yes. It also says you can get advice from Legal Aid. Did you end up getting some advice from Legal Aid?Yes. And did you speak with Legal Aid directly or did your financial counsellor arrange that for you?He arranged that for us, yes.
transcript-29-june-2018.docx