HomeWhat We DoWhy Choose UsCase StudiesPrincipal ProfilesArticles, Seminars and SoftwareQuantum QuipsContact Us

QUANTUM LEAPS

Back to Quantum Leaps

1. Civil Liability Act 2002 (NSW) NEW
The Civil Liability Act 2002 (NSW) has applied since 20 March 2002.

Applying where over-riding legislation does not apply, the Civil Liability Act 2002 (NSW) impacts on the calculation of loss/damages in personal injury and death claims so that:

  • damages for future economic loss (loss of earning capacity) must be capped at an amount equal to three times the average weekly total earnings of all employees in NSW for the most recent quarter
  • the discount rate to be applied in calculating future economic loss is 5 per cent
  • no interest will apply to past gratuitous care claim
  • interest for past losses will be calculated at the 10 year Federal Government Bond rate, not the Court rate.

Please contact us for further information.

Other Articles in This Edition of Quantum Leaps

  1. Civil Liability Act 2002 (NSW) NEW
    The Civil Liability Act 2002 (NSW) has applied since 20 March 2002.
  2. RTA-v-Cremona (2001) NSW CA 338 NEW
    Calculating loss of superannuation benefit.
  3. Entity Structure Analysis
    A technique which can help pinpoint the key issues in a complex business structure.
  4. Financial Discovery Matrix
    What document do I need and where can I find it? Simplifying the perplexing.
  5. Regression Analysis
    A powerful way of examining business trends.
  6. Median -v- Average
    Is there a better way of estimating an expected value than with an average?
  7. Husher-v-Husher (1999) HCA 47
    Substance over form