(1) Any entitlement of
a worker to compensation in respect of an injury to which a settlement
agreement registered under this Division relates ceases on the date of
registration of the agreement.
Note for this subsection:
Section 420
provides that damages must not be awarded against a worker’s employer in
respect of an injury if a settlement agreement has been registered in respect
of the injury unless the injury is a dust disease.
(2) An employer who is
liable to pay an amount under a settlement agreement registered under this
Division must pay the amount within 14 days after the agreement is
registered or, if another law (including a Commonwealth law) prevents payment
within that period, within 7 days after payment is permitted under that
other law.
Penalty for this subsection: a fine of
$10 000.