(1) The Minister shall, as soon as practicable after the coming into operation of this section and having had regard to the matters specified in subsection (2) -

(a) prepare and publish a code or codes of practice to set standards for the conduct of mediations, or

(b) approve a code or codes of practice prepared by a person other than the Minister which purports to set standards for the conduct of mediations.

(2) A code of practice referred to in subsection (1) may include provisions in relation to  any of the following:

(a) continuing professional development training requirements for mediators;

(b) procedures to be followed by mediators in the conduct of a mediation;

(c) procedures to be followed by mediators in the conduct of a mediation requiring consultation, by a mediator, with a child;

(d) ethical standards to be observed by mediators during a mediation;

(e) confidentiality of a mediation;