Commonwealth Consolidated Acts

INTERNATIONAL ARBITRATION ACT 1974 - SECT 2D

    The objects of this Act are:

  (a)   to facilitate international trade and commerce by encouraging the use of arbitration as a method of resolving disputes; and

  (b)   to facilitate the use of arbitration agreements made in relation to international trade and commerce; and

  (c)   to facilitate the recognition and enforcement of arbitral awards made in relation to international trade and commerce; and

  (d)   to give effect to Australia's obligations under the Convention on the Recognition and Enforcement of Foreign Arbitral Awards adopted in 1958 by the United Nations Conference on International Commercial Arbitration at its twenty - fourth meeting; and

  (e)   to give effect to the UNCITRAL Model Law on International Commercial Arbitration adopted by the United Nations Commission on International Trade Law on 21   June 1985 and amended by the United Nations Commission on International Trade Law on 7   July 2006; and

  (f)   to give effect to the Convention on the Settlement of Investment Disputes between States and Nationals of Other States signed by Australia on 24   March 1975.