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Australian domestic arbitration law gathers momentum
Practical Law Legal Update 0-505-9636 (Approx. 3 pages)
Australian domestic arbitration law gathers momentum
| Published on 05 May 2011 • Australia |
Andrew Robertson (Partner), Piper Alderman
Further to previous reports regarding Australia's moves to modernise and harmonise its domestic and international arbitration legislation (see Article, Australia: round up 2010/2011 and Legal update, Australia to get new domestic arbitration legislation), the Attorney-General of Victoria, Australia’s second most populous state, has now announced the forthcoming introduction in the Victorian Parliament of a new Commercial Arbitration Bill that will be consistent with the Commercial Arbitration Act already passed in New South Wales.
The final details of the Bill and when it will be introduced are not yet available, but all Australian State and Territory law ministers agreed on the form of the Commercial Arbitration Bill at specific meetings of the Standing Committee of Attorneys-General. The Bill is likely to follow the New South Wales Commercial Arbitration Act, which is based on the 2006 UNCITRAL Model Law.
Just prior to the publication of this report, the Commercial Arbitration Bill was also introduced into the South Australian Parliament.