Tasmanian Consolidated Acts Tasmanian Consolidated Acts
(1) Subject to subsection (2) and section 89, a claim for compensation may be settled by agreement between the parties.
(2) A claim for compensation may not be settled by agreement unless –
(a) the injury in respect of which the claim is made is stable and stationary; and
(b) 12 months has elapsed since the date the claim was lodged.
(3) A worker, the employer of the worker or the licensed insurer of the employer may, within 3 months of the date of the agreement, refer the agreement to the Tribunal for review.
(4) A referral of an agreement to the Tribunal for review is to be in a form approved by the Tribunal.
(5) The Tribunal may set aside an agreement if of the opinion that –
(a) the agreement is inequitable; or
(b) a party was forced to enter the agreement against his or her will or without the legal capacity to do so; or
(c) for any other reason, the agreement should be set aside.
(6) If the Tribunal sets aside an agreement –
(a) the Tribunal is not to make any order as to the amount of the settlement; and
(b) the Tribunal may make any order it considers appropriate in respect of the repayment of any money paid under the agreement; and
(c) the parties may enter another agreement for the settlement of the claim.