(1) Where an institution that participates in a system considers itself wronged by a decision taken by the Bank under this Act and the matter cannot be resolved between the institution and the Bank, the matter may be referred for settlement by mediation by the parties.

(2) For the purpose of subsection (1),

(a) the institution and the Bank shall agree on a mediator;

(b) the mediator shall familiarise himself or herself with the position held by the institution and the Bank;

(c) the mediator, the institution and the Bank shall discuss the dispute at a meeting attended by all of them; and

(d) the institution and the Bank shall agree to share the mediator's costs equally.

(3) This section does not apply to a dispute that falls within section 4.