75(1)Where a difference has been submitted to arbitration under the provisions of section 55, the arbitrator or the arbitration board shall proceed with and complete the arbitration as expeditiously as possible, having regard to the interest of the parties, and shall make an award within three months after the date of the appointment of the arbitrator or the constitution of the arbitration board, or within three months after the date of an appointment or a reconstitution of a board on the filling of a vacancy, but the time for making an award may, from time to time, be extended by agreement of the parties, whether the time for making the award has expired or not, and a failure to make an award within the time expressed or as extended shall not invalidate the proceedings or terminate the authority of the arbitrator or the arbitration board, as the case may be.

75(2)Subsection (1) applies mutatis mutandis to an arbitration in the construction industry but an award shall be made within five days from the termination of hearings, if such time is less than the time provided in subsection (1), subject, from time to time, to such extension as may be agreed upon by the parties or, in the absence of agreement, as the Minister may approve, whether the time for making the award has expired or not.

75(3)Notwithstanding that the term of a collective agreement has expired, the provisions thereof and of sections 55 and 55.01 for the final settlement without stoppage of work by arbitration or otherwise, of all differences concerning the interpretation, application, administration or an alleged violation of the agreement, including any question as to whether a matter is arbitrable, continue in force after the expiry of the term, where a notice has been given under section 33, until the date when one of the conditions, whichever occurs first, prescribed in subsection 91(2), for a strike or lock-out is met.

75(4)Nothing in subsection (3) shall be interpreted to preclude or affect the jurisdiction of an arbitrator or arbitration board to render an award, that might otherwise be rendered, in any matter that arose before the date mentioned in subsection (3).