28ARedemption of periodical payments

28A Redemption of periodical payments

[Section 28A Inserted by No. 90 of 1984, s. 13 ]

(1)  Where scheduled benefits have been paid by way of periodical allowance to a person by the Board under this Act for a period of not less than 12 months, the liability of the Board to continue the payment of those benefits may be redeemed by the payment of –

(a) where the payments have been made in respect of an infant, such lump sum as may be determined by the Supreme Court upon application by the Board or the person to whom the benefits have been paid; or

(b) where the payments have been to a person who has attained full age, such lump sum as may be determined by agreement or by the Supreme Court upon application by the Board and the person to whom the benefits have been paid.

(2)  Where the Supreme Court makes a determination under subsection (1) , it may order that the lump sum be invested or otherwise applied for the benefit of the person in respect of whom the benefits have been paid.