Queensland Consolidated Acts

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CIVIL LIABILITY ACT 2003 - SECT 57

Discount rate for calculating present value of future loss or gratuitous services

57 Discount rate for calculating present value of future loss or gratuitous services

(1) When assessing an amount of damages as a lump sum for a future loss or gratuitous services, the amount must be the present value, calculated using the prescribed discount rate, of the future loss or gratuitous services.
(2) In this section—

"prescribed discount rate" , for an award, see the Civil Proceedings Act 2011 , section 61 .



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