QLDIn ForceAct
Workers' Compensation and Rehabilitation Act 2003
sec.174Calculation of redemption payment
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### sec.174 Calculation of redemption payment
The amount of a redemption payment that the insurer may pay to a worker is an amount that is not more than the amount calculated under the following formula—
(156 x Q) – TWP
In subsection (1) —
Q is 70% of QOTE.
TWP means the total weekly payments already paid to the worker.
s 174 amd 2007 No. 52 s 14
(sec.174-ssec.1) The amount of a redemption payment that the insurer may pay to a worker is an amount that is not more than the amount calculated under the following formula— (156 x Q) – TWP
(sec.174-ssec.2) In subsection (1) — Q is 70% of QOTE. TWP means the total weekly payments already paid to the worker.