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FACT SHEET
COMMERCIAL ARBITRATION BILL 2010
This Bill will repeal the Commercial Arbitration Act 1986.
This Bill is based on model commercial arbitration legislation
developed by the Standing Committee of Attorneys General.
The SCAG model was based on the United Nations
Commission on International Trade Law [UNCITRAL] Model
Law on International Commercial Arbitration. The UNCITRAL
model law reflects the accepted world standard for arbitrating
commercial disputes.
The UNCITRAL Model Law has been operating successfully in
a number of jurisdictions, including New Zealand and
Singapore, for many years.
This Commercial Arbitration (Consequential Amendments) Bill
which will be dealt with concurrently with the new Act makes
the changes required to various pieces of legislation in order to
account for the repeal of the Commercial Arbitration Act 1986
and the introduction of the Commercial Arbitration Act 2010.
Consequential amendments are a standard part of any
legislative change.
These changes will bring Tasmania, as well as other states and
territories across Australia, in to line with international best
practice in relation to commercial arbitration.