Relevance of this question

Relevance of this question

The client's expectation of life, according to the Australian Life Tables, is relevant to the question of redemption of compensation for incapacity under s 137 in Part X of the SRC Act.  Section 137, which applies only to “former employees”, permits redemption of weekly payments of compensation for incapacity if:

• weekly payments of compensation for incapacity are being made under Part X to a former employee;
• the amount of the weekly payment is less than the prescribed maximum (currently $79.43 pw; $? pw from 1 July 2003);
• the degree of the employee's incapacity is unlikely to change; and
• the former employee makes a written request for redemption.

Unlike redemption under s 30, redemption under s 137 is activated by a request by the former employee and will not otherwise be considered by the determining authority.