23Court required to inform parties of proposed award

#### 23 Court required to inform parties of proposed award 23 Court required to inform parties of proposed award > > (1) The purpose of this section is to enable the court to give the parties to proceedings a reasonable opportunity to negotiate a structured settlement. > > > (2) A court that decides to make an award of personal injury damages in respect of future loss (not including interest) exceeding $100,000 must first notify all the parties to the proceedings of the terms of the award it proposes to make. > > > (3) In addition, if the court considers that the person may be a person in need of protection, the court is to notify the NSW Trustee and Guardian of the terms of the award it proposes to make. > > > (4) The notification must set out the amount of each component part of the proposed award in accordance with the requirements of the regulations and rules of court. > > > (5) In this section— > > > > person in need of protection means a person who is liable to be subject to an order that the estate of the person be subject to management under the [NSW Trustee and Guardian Act 2009](/view/html/inforce/current/act-2009-049) because the person is not capable of managing his or her own affairs. > > **s 23:** Ins 2002 No 92, Sch 1 \[4\]. Am 2009 No 49, Sch 2.8 \[1\] \[2\].