53Conduct of arbitration

53 Conduct of arbitration

(1) The arbitrator must decide:

(a) how the arbitration is to be conducted (for example, by telephone or in meetings, including by means of virtual attendance technology); and

(b) the time and place for the arbitration; and

(c) the day the arbitration commences.

(2) The arbitration must be conducted in Australia.

(3) Within 5 business days after the arbitration has commenced, the arbitrator must notify the ACCC, in writing, that the arbitration has commenced.

Note: The arbitrator decides under paragraph (1)(c) when an arbitration commences.

(4) A person is liable to a civil penalty if:

(a) the person is a party to a dispute for which an arbitration is conducted under this Division; and

(b) the person fails to attend the arbitration.

Civil penalty: 300 penalty units.