An award is final and binding
award
Defined · s 2
“award” means a decision of the arbitral tribunal on the substance of the dispute and includes any final, interim or partial award and any award on costs or interest but does not include interlocutory orders;
(1)
An award made by an arbitral tribunal pursuant to an arbitration agreement shall be final and binding on the parties and may be relied upon by any party by way of defence, set-off or otherwise in any proceedings in any court.
arbitral tribunal
Defined · s 2
“arbitral tribunal” means an emergency arbitrator, a sole arbitrator or a panel of arbitrators.
(2)
The arbitral tribunal shall not vary, amend, correct, review, add to or revoke an award which has been made except as specifically provided for in section 35.