Arbitration is a process in which the parties to a dispute present arguments and evidence to a dispute resolution practitioner (the arbitrator) who makes a determination. Arbitration is particularly useful where the subject matter of the dispute is highly technical, or the rigours of court-like procedure are desired with greater confidentiality. In such circumstances, a person who has expertise in the field may act as arbitrator.
In Australia, commercial arbitration is governed by uniform legislation in the different States and Territories, for example the Commercial Arbitration Act 1984 (NSW). International commercial arbitrations in Australia are regulated by the International Arbitration Act 1974 (Cwlth).