129LPrinciples of mutual gains bargaining

129L Principles of mutual gains bargaining

129L Principles of mutual gains bargaining

The principles of mutual gains bargaining are as follows—

(a) mutual gains bargaining is a collaborative approach to bargaining,

(b) parties to the bargaining are to identify and communicate their key needs to reach an agreement that maximises common interests and reconciles conflicting interests,

(c) the negotiations that are part of the bargaining are to be consensus-seeking in nature and the parties are to work together to try to solve problems,

(d) the parties will aim to reach an agreement that meets the core needs of the parties so that the parties are satisfied with the content of the agreement,

(e) the bargaining is to be efficient in terms of time and resources expended,

(f) the bargaining aims to create, maintain or strengthen good relationships between the parties,

(g) the bargaining aims to ensure that each party is satisfied that their interests have been addressed.

s 129L: Ins 2023 No 41, Sch 1.1[1].