AustLII Tasmanian Consolidated Acts

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CIVIL LIABILITY ACT 2002 - SECT 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) a discount rate of 5 per cent; or
(b) if another discount rate is prescribed, that other discount rate.



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