Hopefully it will also cover the instances where the attacker has instigated the contact by leaving their foot in, or dragging a trailing leg. I hate that more than diving.
Will need a ref, a ex-player and an ex-manager on the panel I would think. If all agree there is a dive then there is a ban, if they can't agree then the benefit of doubt stays with the player, but they will know they are being watched and might amend their behaviour in future.