Monday, September 14, 2009
Australia (NSW)
Workers Compensation: similar system to
USA traditional system
Motor: Lump sum awards used exclusively
- little to no use of structured settlements
- structures allowed, but currently not tax-free
- both parties must agree to structure
- either party can apply for later review- insurers
reluctant for this reason to structure
USA traditional system
Motor: Lump sum awards used exclusively
- little to no use of structured settlements
- structures allowed, but currently not tax-free
- both parties must agree to structure
- either party can apply for later review- insurers
reluctant for this reason to structure
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