Settlement proceedings reform expands condition precedent enforcement and allows market access restrictions as settlement terms. Amendments revise settlement procedure by adding express condition precedent requirements, expanding rejection grounds for applications including non-compliance with Internal Committee timelines, authorising temporary restrictions on market access as settlement terms, directing payment through a dedicated payment gateway, reframing invalidation grounds to defects in procedure or determination of settlement terms, clarifying recoverable amounts include profits gained or losses avoided, and materially revising Schedule conversion factors and base amounts for calculating settlements.