With the advent of COVID-19 aka “Coronavirus”, we now certainly live in uncertain times. After working hard to build your assets, preparing a valid Will is critical to ensuring your assets and personal belongings will be distributed in accordance with your wishes following your death.
If you have sustained noise induced hearing loss, you may be entitled to receive benefits pursuant to the Return to Work Act 2014. This applies whether you have suffered noise induced hearing loss from a workplace or exacerbated a pre-existing condition. Benefits include medical expenses and a potential lump sum payment.
In the case you have suffered a permanent and severe disability there can be a profound effect on you physically, emotionally and financially. The majority of superannuation funds provide Total and Permanent Disability (“TPD”) cover and subject to criteria being met, you may be entitled to receive a lump sum.
Section 18 of the Act provides that if you have been incapacitated for work and are able to return to work (whether full-time or part-time), the pre-injury employer must provide you with suitable employment. This being employment for which you are fit, and the role being, as far as reasonably practicable, the same as or equivalent to the pre-injury role.
In work injury matters, there are two types of lump sum payments which come under Sections 58 and 56 of the Return to Work Act 2014. Here, we make sense of Section 56 of the Act.
Lump sum payments under Section 56 of the Act are for permanent impairment caused by a physical injury (not psychological injury). These payments are designed to compensate a worker for economic loss.
Making sense of Section 58 of the Return to Work Act 2014. A summary of how Section 58 works and when a worker becomes entitled to a lump sum under Section 58 of the Act.