Farm mortgage disputes almost tripled YoY: VSBC Annual Report 2023-24

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.