Thank you, Madam Chair. Madam Chair, Bill 48, Arbitration Act, received second reading in the Legislative Assembly on March 30th, 2022, and was referred to the Standing Committee on Social Development for review.
Bill 48 replaces the existing Arbitration Act with a more modern law modelled after the Uniform Arbitration Act of 2016. This update is to modernize old arbitration legislation and bring it in line with international best practices. Committee received no submissions from the public on Bill 48.
On October 5th, 2022, the standing committee held a public hearing with the Minister of Justice and completed its clause-by-clause review on the bill on October 11th, 2022.
On October 13th, 2022, Bill 48 was reported to the Assembly as ready for further consideration in Committee of the Whole. The committee's report on Bill 48 was read earlier today and was received and adopted by the Assembly. Individual Members may have additional comments or questions. Thank you, Madam Chair.