sec.88Effect of order giving effect to settlement

sec.88 Effect of order giving effect to settlement

An order under this division giving effect to a settlement for a proceeding has the same effect as if it were an order made by the tribunal after deciding the proceeding. The parties to the proceeding may apply to the tribunal for an amendment of the order if the order does not reflect the intention of the parties in the settlement. An application under subsection (2) must be made jointly by all the parties to the proceeding. The tribunal may, on the application of the parties under this section, amend the terms of the order if the tribunal is satisfied— the amendment reflects the intention of the parties; and the tribunal could make a decision in the terms of the settlement after the amendment, or consistent with the terms of the settlement after the amendment. (sec.88-ssec.1) An order under this division giving effect to a settlement for a proceeding has the same effect as if it were an order made by the tribunal after deciding the proceeding. (sec.88-ssec.2) The parties to the proceeding may apply to the tribunal for an amendment of the order if the order does not reflect the intention of the parties in the settlement. (sec.88-ssec.3) An application under subsection (2) must be made jointly by all the parties to the proceeding. (sec.88-ssec.4) The tribunal may, on the application of the parties under this section, amend the terms of the order if the tribunal is satisfied— the amendment reflects the intention of the parties; and the tribunal could make a decision in the terms of the settlement after the amendment, or consistent with the terms of the settlement after the amendment.

• (a) the amendment reflects the intention of the parties; and
• (b) the tribunal could make a decision in the terms of the settlement after the amendment, or consistent with the terms of the settlement after the amendment.