28A
In forceDiscount rate applicable to certain damages
Part 7Assessment of Damages for Personal Injury or Death
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 discount rate of 5 per cent; or if another discount rate is prescribed, that other discount rate.
This Act’s bill:Explanatory notesSecond reading speech
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