5. Awards and claim settlements payable
State Claims Agency
|Awards and claim settlements payable||164,614||86,852|
Expenditure on awards are recognised on receipt of a validated approval or the validated settlement of such expenditure.
The increase is primarily driven by a higher average cost of general claims resulting from a greater number of more serious claims being settled; and the settlement of a number of previously deferred Periodic Payment Order (PPO) catastrophic injury-related cases on a lump sum basis, in the continued absence of PPO Legislation.