26
In forceOffer of structured settlement—legal costs
Part 2Personal injury damages
Division 7Structured settlements
26 Offer of structured settlement—legal costs
(1)
Clause 5 of Schedule 1 to the Legal Profession Uniform Law Application Act 2014 extends to an offer of compromise by way of a structured settlement on a claim for personal injury damages.
(2)
In that case, the court is to have regard to the cost to the defendant of the proposed structured settlement as compared to the lump sum payment of damages when determining whether a reasonable offer of compromise has been made.
This Act’s bill:Explanatory memorandumSecond reading speech
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