(1) When a third party
is liable to pay damages in respect of an injury for which compensation is
payable, the worker may take proceedings both against the third party to
recover damages and against any person liable to pay compensation to recover
that compensation.
(2) In the
proceedings, the worker is not entitled to recover both damages and
compensation and must bring to account in reduction of the worker’s
entitlement to compensation any amount recovered by way of damages.
(3) In a case to which
section 432 applies, the requirement under subsection (2) to bring
to account in reduction of the worker’s entitlement to compensation any
amount recovered by way of damages is satisfied by the operation of that
section.