The Institute has available recommended mediation rules and standard contract clauses for facilitating mediation. Regular training courses for potential mediators or those who wish to increase their knowledge of mediation are a feature of the Institute of Arbitrators Australia education programme. The Institute of Arbitrators Australia is able to arrange or provide suitable rooms for conducting mediations , as well as other administrative support. The Institute maintains a trust account for mediation fees as a service to both parties and mediators. The major benefit of mediation compared with other forms of dispute resolution is the opportunity it provides to resolve disputes speedily and at considerably less cost than is likely with formal proceedings.
Parties also have more control over the costs of the dispute process.
There is no fee for general inquiries or for general information about mediation. Mediator's fees are a matter of negotiation between the parties and the mediator. You can provide an indication of your fee range to the Institute if you request a nomination through it. The costs and fees of a mediator are usually shared equally, by agreement, between the parties. Legal representation As the parties have complete control over the mediation procedure they adopt, it is a matter of election by each party whether they will be legally represented.