Commonwealth Consolidated Acts

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Definition of arbitration

  (1)   Arbitration is a process (other than the judicial process) in which parties to a dispute present arguments and evidence to an arbitrator, who makes a determination to resolve the dispute.

  (2)   Arbitration may be either:

  (a)   section   13E arbitration --which is arbitration of Part   VIII proceedings, or Part   VIIIAB proceedings (other than proceedings relating to a Part   VIIIAB financial agreement), carried out as a result of an order made under section   13E; or

  (b)   relevant property or financial arbitration --which is arbitration (other than section   13E arbitration) of:

  (i)   Part   VIII proceedings, Part   VIIIA proceedings, Part   VIIIAB proceedings, Part   VIIIB proceedings, proceedings for an order under Part   VIIIC or section   106A proceedings; or

  (ii)   any part of such proceedings; or

  (iii)   any matter arising in such proceedings; or

  (iv)   a dispute about a matter with respect to which such proceedings could be instituted.

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