New South Wales Consolidated Acts
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CIVIL LIABILITY ACT 2002 - SECT 14
Damages for future economic loss-discount rate
14 Damages for future economic loss-discount rate
(1) If an award of damages is to include any component, assessed as a lump
sum, for future economic loss of any kind, the present value of that future
economic loss is to be determined by adopting the prescribed discount rate.
"prescribed discount rate" is:
(a) a discount rate of the percentage
prescribed by the regulations, or
(b) if no percentage is so prescribed-a
discount rate of 5%.
(3) Except as provided by this section, nothing in this
section affects any other law relating to the discounting of sums awarded as
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