Compensation lump sum preclusion periods (CLK) 117-02020000
Start date for lump sum preclusion periods
Example |
Description |
1 |
A lump sum payment includes arrears of periodic compensation for a specific period, plus other amounts such as an impairment payment + Read more ... The start date of the preclusion period is:
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2 |
A lump sum payment for redemption of part of future periodic payments is received and ongoing periodic compensation continues at a reduced rate + Read more ... The lump sum preclusion period starts on the day the periodic compensation payments first reduce. |
3 |
A customer received a lump sum payment for more than one compensable event and the arbitrator has awarded a component for past lost earning capacity + Read more ... The preclusion period starts from the date of the incident diagnosis or economic loss if:
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4 |
A customer is receiving ongoing periodic compensation payments and is awarded a lump sum payment before the periodic payments cease + Read more ... If the customer receives a lump sum compensation payment, the start date of the preclusion period can only be determined when the periodic payments cease or the rate reduces as a result of the lump sum payment. |