53Where parties reach settlement within relevant period

53 Where parties reach settlement within relevant period

(1)  The Director may register, or refuse to register, a settlement of a dispute by the parties to the dispute.

(2)  Without limiting the circumstances in which the Director may refuse to register a settlement, the Director may refuse to register a settlement in relation to a dispute if he or she is satisfied that the settlement –

(a) was not entered into in good faith by a party to the dispute; or

(b) was entered into as a result of unconscionable conduct by a party to the dispute or a person acting on behalf of a party to the dispute; or

(c) is not the result of a genuine attempt by the parties to the dispute to ensure the settlement is fair to all the parties to the dispute.

(3)  [Section 53 Subsection (3) amended by No. 9 of 2023, s. 61, Applied:01 Jul 2024] If the parties to a dispute agree to a settlement of a dispute and the Director registers the settlement, the parties who are to be bound by the settlement must sign a document setting out the terms of the settlement.

(4)  [Section 53 Subsection (4) omitted by No. 9 of 2023, s. 61, Applied:01 Jul 2024] .  .  .  .  .  .  .  .