126Settling a proceeding

126 Settling a proceeding (1) The Tribunal may endeavour to achieve a negotiated settlement of a matter before the Tribunal. (2) If the parties agree in writing to settle a matter before the Tribunal, the Tribunal may make any decision or order necessary to give effect to the settlement. (3) A settlement under this section must not be inconsistent with the relevant Act and the Tribunal may reject a settlement under subsection (2) on the basis that: (a) the settlement may prejudice a person who is not a party to the settlement but who has a direct or material interest in the matter; or (b) the terms of the settlement are inappropriate.