The purpose of this bill is to amend the Arbitration Act 1996 to ensure arbitration clauses in trust deeds are given effect to extend the presumption of confidentiality in arbitration to a rebuttable presumption of confidentiality in related court proceedings under the Act, to clearly define the grounds for setting aside an arbitral award and bring New Zealand’s approach into line with foreign arbitration legislation, and to confirm the consequence of failing to raise a timely objection to an arbitral tribunal’s jurisdiction.
Royal Assent given 07 May 2019.
Enacted as the Arbitration Amendment Act 2019 (2019/14)
Member's bill
| Bill type | Member's bill |
|---|---|
| Parliament | 52 |
| Ref | 245-3 |
| Introduced | 9 March 2017 |
| First reading | 10 May 2017 |
| Select Committee | Justice Committee |
| Public submissions due | 22 June 2017 |
| Select Committee report back | 1 October 2018 |
| Second reading | 6 March 2019 |
| Committee of the whole House | 3 April 2019 |
| Third reading | 1 May 2019 |
| Royal Assent | 7 May 2019 |
| Enacted as | Arbitration Amendment Act 2019 (2019/14) |
| Divided | No |
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