Queensland Consolidated Acts

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CIVIL LIABILITY ACT 2003 - SECT 57

57 Discount rate to be applied in calculating the present value of future loss or gratuitous services

(1) This section applies if--

(a) a person is to be compensated for future loss; or
(b) damages are to be awarded for gratuitous services;

and an actuarial multiplier is to be used to calculate the present value of future loss or gratuitous services.

(2) A discount rate of 5% is to be applied in deciding the actuarial multiplier.


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