Victorian Consolidated Legislation

Transport Accident Act 1986 - SECT 56

Redemption of payments if less than certain amount

56. Redemption of payments if less than certain amount



(1) If the amount of the weekly payment in respect of loss of earning capacity
under section 49, 50 or 51 to which a person is entitled is at any time less
than 5 per centum of average weekly earnings of all employees for Victoria
last published by the Australian Statistician, the Commission must redeem
those payments under that section and pay to the person an amount determined
in accordance with the regulations.

(2) A person to whom a payment is made under this section ceases to be
entitled to benefits under section 49, 50 or 51.