Document ID: chunk:federal_register_of_legislation:C2025C00175:section:137:p1
Version: federal_register_of_legislation:C2025C00175
Segment Type: section
Provision Reference: s 137 (pt 1/18)
Character Range: 421478–424250

137  Redemption on request by former employee
 (1) If:
 (a) a relevant authority is liable to make weekly payments of compensation to a former employee in respect of an injury resulting in an incapacity; and
 (b) the amount of those payments if $62.99 per week or less; and
 (c) the relevant authority is satisfied that the degree of the former employee's incapacity is unlikely to change;
the relevant authority must, on written request by the former employee, make a determination that its liability to make further payments to the former employee be redeemed by the payment to the former employee of a lump sum.
 (2) The amount of the lump sum is the sum of:
 (a) the amount worked out using the formula in subsection (3); and
 (b) the amount worked out using the formula in subsection (4).
 (3) The formula for the purposes of paragraph (2)(a) is:

 (4) The formula for the purposes of paragraph (2)(b) is:

 (5) For the purposes of this section:
amount per week means the amount of compensation per week payable to the former employee.
specified number means the number specified by the Minister for the purposes of subsection 30(2).
n means the number worked out using the formula:

where:
number of days means the number of days in the period beginning on the day after the day on which the determination is made and ending on the day immediately before the day on which the employee reaches pension age.
reduced amount per week means the amount per week less the amount calculated under the formula in section 134.
l means the number worked out in using the formula:

expectation of life means the number of years in the complete expectation of life of the former employee at the date of the determination, as ascertained by reference to the latest Australian Life Tables published by the Australian Statistician.
age means the number of completed years in the age of the former employee at the date of the determination.

Endnotes

Endnote 1—About the endnotes
The endnotes provide information about this compilation and the compiled law.

The following endnotes are included in every compilation:

Endnote 1—About the endnotes
Endnote 2—Abbreviation key
Endnote 3—Legislation history
Endnote 4—Amendment history

Abbreviation key—Endnote 2
The abbreviation key sets out abbreviations that may be used in the endnotes.

Legislation history and amendment history—Endnotes 3 and 4
Amending laws are annotated in the legislation history and amendment history.

The legislation history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. The information includes commencement details for amending laws and details of any application, saving or transitional provisions that are not included in this compilation.

The