New Zealand Legislation: Regulations
Regulations are laws made under Acts
(1) Subject to subclause (2), a mediator must be paid remuneration (by way of fees and allowances) agreed by the parties to the dispute concerned.
(2) If the parties to a dispute cannot agree a mediator’s remuneration, the President of the New Zealand Institute of Chartered Accountants (or a person authorised by the President to do so) must—
(a) fix an amount or several amounts to be paid to the mediator as remuneration; and
(b) specify the party by which each amount is to be paid.
(3) Each party must pay to the mediator the amount fixed by the President (or authorised person) and specified as an amount to be paid by that party.
Clause 25(2): amended, on 7 July 2010, by section 11 of the New Zealand Institute of Chartered Accountants Amendment Act 2010 (2010 No 74).
