Settlement amount calculation applies a base amount and prescribed factors, minimum thresholds, separate applicant assessment, and additional specified-proceeding charges. Settlement amount is calculated by multiplying the base amount by combined factors relating to the proceeding stage, regulatory action, gravity, ... Summary
Settlement amount calculation applies a base amount and prescribed factors, minimum thresholds, separate applicant assessment, and additional specified-proceeding charges.
Settlement amount is calculated by multiplying the base amount by combined factors relating to the proceeding stage, regulatory action, gravity, aggravating circumstances and mitigating circumstances, subject to a minimum factor of one. Minimum amounts differ between first-time applicants and other applicants. Each applicant's amount is separately calculated and may include legal costs. An additional amount applies to specified related proceedings arising from the same cause of action, while the Panel of Whole Time Member may determine the amount where the formula cannot be applied.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.