(1) Following an award of the court on an arbitration, the successful party must prepare draft terms of the award for issue by the court.
Note If a form is approved under the Act, s 222 (Approved forms) for terms of an award, the form must be used.
(2) The party preparing draft terms of an award must, within 7 days after the award, give a copy of the draft terms to each other party to the arbitration.
(3) Each other party to the arbitration must, within 7 days of receiving a copy of the draft terms—
(a) endorse the party's agreement on the draft terms; or
(b) object to the draft terms.
(4) If the draft terms of the award are agreed, the draft terms must be given to the registrar for issue by the court.
(5) A party objecting to the terms must, as soon as practicable, ask the registrar to list the matter before the court.
(6) As soon as practicable after an award is issued by the court, the registrar must serve a copy of the award on each party to the arbitration.
(7) The court may at any time correct a clerical error in an award.