The written offer each party must make at the end of a Queensland compulsory conference if the claim does not settle.
A mandatory final offer stays open for a period set by the legislation and affects who pays costs if the claim later goes to court and the judgment is better or worse than the offer. It is the last step before proceedings can be filed.
This definition is specific to Queensland. The same term can work differently in another state, and the glossary marks each entry accordingly.