(1) If an order for arbitration is made, the Court may, with the consent of the parties, nominate a person to be the arbitrator.
(2) If the person consents in writing to the appointment, the Court may appoint the person as the arbitrator.
(3) The parties may ask the Court to make orders by consent setting out:
(a) the way in which the arbitration is to be conducted; and
(b) the time by which the arbitration is to be completed; and
(c) the way in which the arbitrator and the expenses of the arbitration are to be paid.
(4) The parties may ask the Court to indicate to the arbitrator the way in which the arbitrator's report on the proceeding or any matter arising out of the proceeding is to be reported to the Court.