Northern Territory Consolidated Acts Northern Territory Consolidated Acts31. Meaning of structured settlement
For the purposes of this Division -
structured settlement means an order providing for the payment of all or part of an award of damages by one or both of the following means:
(a) periodic payments funded by an annuity or other agreed means;
(b) periodic payments in respect of future reasonable expenses for medical, hospital, pharmaceutical or attendant care services, payable as those expenses are incurred.