[3] Section 87F Commutation by agreement
3 [3] Section 87F Commutation by agreement
Insert after section 87F (2):
Compliance with subsection (2) is not required if the commutation agreement contains a provision in which the employer or insurer certifies that it is satisfied that the worker has waived the right to obtain independent legal advice and independent financial advice before entering into the agreement.
The regulations may require the provision of independent financial advice to a worker (at the expense of the insurer) before the worker enters into a commutation agreement and any such requirement applies despite any other provision of this section.
This Act’s bill:Explanatory memorandumSecond reading speech
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