Default rate for farmers. If you’re a farmer and we’ve given you a loan for a farming operation, we won’t charge default rate interest (or fees instead of default interest) while the land you use for that operation is in drought or natural disaster (if the Banking Code of Practice requires it). You may have to tell us about the circumstances before we can give this concession, or give you a refund if we’ve charged the default rate during such circumstances. The words ‘farmer or farming operation’ have the meaning given to them in the Banking Code of Practice.
