5(1)The Commission shall submit to the arbitration board any statements of matters in dispute received by the Commission from the parties and may sever from such statements any portions that relate to matters not referred to the arbitration board by the Commission.

5(2)The arbitration board shall meet forthwith after it is constituted and shall render a decision in respect of the matters referred to it.

5(3)A decision of the arbitration board under subsection (2) is binding on the parties and is final.

5(4)The chairperson of the arbitration board shall file, without delay, a copy of the arbitration board’s decision with the Commission.