Periodic payments (NDIS rule 3.3)
32 Periodic payments (NDIS rule 3.3)
For the purposes of this Division, if the Commission component of compensation under a judgment or settlement includes an element that consists of periodic payments, the amount attributable to that element is taken to be —
if the amount is specified in a judgment — that amount; or
if the amount is not specified in a judgment, but the Commission is satisfied that a specified amount was paid by the defendant to ensure the provision of the periodic payments — that amount; or
otherwise — the value of the periodic payments as assessed in accordance with accepted actuarial standards, in consultation with the trial actuary.
[Regulation 32 inserted: Gazette 30 Jun 2014 p. 2412-13.]
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