Section 52ZW — Competition and Consumer Act 2010 (Cth)

(1) This section applies if:

(a) the bargaining parties agree that the arbitration should terminate; and

(b) the panel did not make a determination in accordance with subsection 52ZX(1) before the agreement was made; and

(c) no information was given by a bargaining party in order to comply with a request made under subsection 52ZT(1) before the agreement was made.

(2) The parties must notify the Chair of the agreement as soon as practicable after the day on which the agreement is made.

(3) The arbitration terminates in accordance with that agreement, but no earlier than the day on which parties notify the Chair of the agreement in accordance with subsection (2).

(4) However, if the parties fail to comply with subsection (2):

(a) subsection (3) does not apply; and

(b) the agreement does not affect the validity of the arbitration or any aspect of the arbitration.

Related sections

• s 52ZT — Information request by bargaining party—general
• s 52ZU — Information request by bargaining party—challenges by other bargaining party
• s 52ZV — Information request by bargaining party—miscellaneous rules
• s 52ZX — Final offer arbitration
• s 52ZXA — Final offer to be accompanied by information about contracts
• s 52ZY — Final offer arbitration—termination of arbitration if no final offers

Research how courts apply s 52ZW

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