(1) A dispute between system participants concerning any matter arising under this Act may be submitted by a person to arbitration by a tribunal of arbitrators appointed under subsection (2).
(2) If the dispute is between—
(a) only 2 parties each party shall be entitled to appoint one arbitrator, and the 2 parties shall together appoint a third arbitrator, who shall be the Chairperson of the tribunal; or
(b) three or more parties, each party shall be entitled to appoint one arbitrator and all the parties shall together appoint an additional arbitrator, who shall be the Chairperson of the tribunal.
(3) If within thirty days of receipt of the request for arbitration, any party has not appointed an arbitrator or if within 30 days of the appointment of the arbitrators the parties have not appointed the third arbitrator or, as the case may be, the additional arbitrator, any party to the dispute may request such judicial authority as may be prescribed by the Minister, to make the required appointment.
(4) The procedure of the tribunal appointed under subsection (2) shall be fixed by the arbitrators, but the Chairperson of the tribunal appointed under subsection (2) shall have full power to settle all questions of procedure in any case of disagreement.
(5) A majority vote of the arbitrators shall be sufficient to reach a decision which shall be final and binding on the parties.
(6) The Chairperson of a tribunal appointed under subsection (2) shall be entitled to vote, and in the event of a tie, shall have a casting vote.