250Order in Council concerning settlements

250 Order in Council concerning settlements

(1) The Governor in Council, may by Order, specify how settlement amounts are to be determined for the purposes of this Subdivision.

(2) The Minister must not recommend the making of an Order unless the Minister certifies in writing that, in his or her opinion, the making of the Order—

(a) is consistent with ensuring that the accident compensation scheme is managed as effectively, efficiently and economically as is possible; and

(b) is not likely to adversely affect the competitiveness of the scheme; and

(c) is not likely to interfere with the scheme being fully-funded.

(3) An Order, and the certificate of the Minister, must be published in the Government Gazette.

(4) An Order takes effect on the day after it is published in the Government Gazette, or on any later day specified in the Order.

(5) On taking effect, an Order has the like force and effect as if it were expressly enacted in this Act.

Subdivision 3—Application procedure