Indexation of defined benefits and quality of life damages
19 Indexation of defined benefits and quality of life damages
The MAI commission must, on or before each indexation day for an amount that is AWE indexed, declare—
the AWE indexation factor for the amount; and
the amount as indexed; and
that the amount as indexed applies on the indexation day for the amount.
A declaration under subsection (1) is a notifiable instrument.
In this section:
AWE indexation factor, for an amount, means the factor worked out for the amount in the way prescribed by regulation.
indexation day—see section 18 (1) (b).
Division 1.2.4 Duties in relation to motor accidents
This provision refers to the regulations (prescribed by regulation
). Made under this Act:
- Motor Accident Injuries (Acat Costs Orders) Regulation 2020 · under s 492
- Motor Accident Injuries (Insurer Information Collection) Regulation 2020 · under s 492
- Motor Accident Injuries (Lawyer Information Collection) Regulation 2021 · under s 492
1 more instrument made under this Act are listed on the Act’s overview.
This Act’s bill:Explanatory statementSecond reading speech
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