CIVIL LIABILITY ACT 2002 - SECT 28A Discount rate applicable to certain damages
CIVIL LIABILITY ACT 2002 - SECT 28A
Discount rate applicable to certain damages
If an award of damages is to include any component assessed as a lump sum for future loss, the present value of that future loss is to be qualified by adopting (a) a discount rate of 5 per cent; or(b) if another discount rate is prescribed, that other discount rate.