In this Chapter "small claim" means a consumer and trader dispute in relation to—
(a) a claim for payment of money in an amount not exceeding $10 000 or other prescribed amount; or
(b) a claim for performance of work of a value not exceeding $10 000 or other prescribed amount—
that in either case arises out of a contract for the supply of goods or the provision of services other than a contract of life insurance.