Where a claims assessor under the Motor Accidents Compensation Act 1999 (NSW) embarks on a process of calculation of future economic loss using precise figures (as distinct from awarding a lump sum buffer), the full requirements of s 126 are enlivened and the assessor must state the assumptions underlying each element of the calculation, including the weekly loss figure and the period of working life adopted. Failure to do so constitutes error of law on the face of the record. Assessors are not required to prepare elaborate reasons but must provide sufficient transparency as to assumptions to allow insight into how the assessment was performed.
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