137ASettlement between Transport Accident Commission and the Authority

137A Settlement between Transport Accident Commission and the Authority S. 137A(1) amended by Nos 26/2000 s. 25(2), 80/2010 s. 75. (1) If— S. 137A(1)(a) amended by Nos 26/2000 s. 25(2), 80/2010 s. 75. (a) the Transport Accident Commission is liable to make a payment to the Authority in accordance with section 137(1) or 137(5A); or S. 137A(1)(b) amended by Nos 26/2000 s. 25(2), 80/2010 s. 75. (b) it appears to the Authority and the Transport Accident Commission that the Transport Accident Commission may become liable to make further payments to the Authority in accordance with section 137(1) or 137(5A)— the Transport Accident Commission and the Authority may undertake a settlement of that liability or potential liability to make payments in accordance with section 137(1) or 137(5A). S. 137A(2) amended by No. 26/2000 s. 25(2). (2) For the purposes of a settlement under subsection (1) of a liability or potential liability, the Authority and the Transport Accident Commission may, despite section 137(2) or 137(5A), determine the value of that liability or potential liability in any manner they think fit. S. 138 amended by Nos 111/1986 s. 180(3) (Sch. 2 item 3(e)), 67/1992 ss 47, 64(7)(c), 50/1993 s. 102(1) (a)–(d), substituted by No. 50/1994 s. 67.