(1) The conciliator may direct each party to deposit an equal amount as an advance for the costs referred to in sub-section (2) of section 78 which he expects will be incurred.
(2) During the course of the conciliation proceedings, the conciliator may direct supplementary deposits in an equal amount from each party.
(3) If the required deposits under sub-sections (1) and (2) are not paid in full by both parties within thirty days, the conciliator may suspend the proceedings or may make a written declaration of termination of the proceedings to the parties, effective on the date of that declaration.
(4) Upon termination of the conciliation proceedings, the conciliator shall render an accounting to the parties of the deposits received and shall return any unexpended balance to the parties.
Arbitration and Conciliation Act 1996
Section 71 of Arbitration Act - Co-operation of parties with conciliator
Section 72 of Arbitration Act - Suggestions by parties for settlement of dispute
Section 73 of Arbitration Act - Settlement agreement
Section 74 of Arbitration Act - Status and effect of settlement agreement
Section 75 of Arbitration Act - Confidentiality
Section 76 of Arbitration Act - Termination of conciliation proceedings
Section 77 of Arbitration Act - Resort to arbitral or judicial proceedings
Section 78 of Arbitration Act - Costs
Section 79 of Arbitration Act - Deposits
Section 80 of Arbitration Act - Role of conciliator in other proceedings