6.1.3.8 Agent pays entitlements
Agents who do not make payments on time may incur financial penalties.
Lump sum
Within five business days of:
- the Agent determining liability and dependency and/or
- being advised of the Court's determination in writing
the Agent must pay:
- lump sum payable to the dependent/s.
- interest at the prescribed rate Interest at the prescribed rate means interest at the rate fixed for the time being under section 2 of the Penalty Interest Rates Act 1983 under the legislation on lump sum payable to a dependent (which has been assessed for the period from the date the primary death claim was lodged until the date of Agent or Court determination).
- expenses for reimbursement to non-dependant family member Family member means a partner, parent, grandparent, sibling or child of the worker or of the worker's partner/s.
Weekly pension
Within 14 calendar days of:
- the Agent determining the PIAWE rate and liability for dependency and/or
- being advised of the court's determination in writing
the Agent must pay all weekly pensions up to the most recent or relevant payment period (whichever is applicable).
Note: Tax must be deducted from the pension where applicable.
See: Impact of taxation | Centrelink payments | Entitlements
Interest on weekly pensions
The Agent must also pay interest on the weekly pension if payments have started more than 14 days after the determination, being the latter of the date:
- of the Court's determination (if applicable)
- that dependency is established
- the PIAWE rate is agreed by the Agent and the dependent’s legal representative.
Interest is paid at the prescribed rate from the date of determination until the day before the payment is drawn.
Note: Penalty interest Penalty interest awarded when there is a delay in the payment of compensation. may be awarded if there is a delay in the payment of compensation and/or interest.
See: Impact of taxation | Pay weekly pension
Medical and like expenses
The Agent must pay or reimburse reasonable costs for medical and like services upon receive of valid invoice or receipt.
See: Employer Threshold