South Australian Numbered Acts South Australian Numbered Acts53—Redemptions—liabilities associated with weekly payments
(1) A liability to make weekly payments under Division 4 may, by agreement between the worker and the Corporation, be redeemed by a capital payment to the worker.
(2) An agreement for the redemption of a liability under this section cannot be made unless—
(a) the worker has received competent professional advice about the consequences of redemption; and
(b) the worker has received competent financial advice about the investment or use of money to be received on redemption; and
(c) the Corporation has consulted with the employer out of whose employment the injury arose and has considered any representations made by the employer; and
(d) a recognised health practitioner has certified that the extent of the worker's incapacity resulting from the work injury can be determined with a reasonable degree of confidence.
(3) The amount of the redemption payment is to be fixed by the agreement.
(4) If the Corporation notifies a worker in writing that it is prepared to enter into negotiations for the redemption of a liability by agreement under this section, the Corporation is liable to indemnify the worker for reasonable costs of obtaining the advice required under this section up to a limit prescribed by regulation.
(5) In the case of a seriously injured worker, this section applies subject to any election made by the worker under Part 5 Division 1.
(6) The following decisions are not reviewable:
(a) a decision of the Corporation not to agree to a redemption under this section;
(b) a decision on the amount of a redemption.