Section 14 — Civil Liability Act 2002 (NSW)

(1) If an award of damages is to include any component, assessed as a lump sum, for future economic loss of any kind, the present value of that future economic loss is to be determined by adopting the prescribed discount rate.
(2) The prescribed discount rate is—
(a) a discount rate of the percentage prescribed by the regulations, or
(b) if no percentage is so prescribed—a discount rate of 5%.
(3) Except as provided by this section, nothing in this section affects any other law relating to the discounting of sums awarded as damages.

Related sections

• s 11A — Application of Part
• s 12 — Damages for past or future economic loss—maximum for loss of earnings etc
• s 13 — Future economic loss—claimant’s prospects and adjustments
• s 15 — Damages for gratuitous attendant care services: general
• s 15A — Damages for gratuitous attendant care services: dust-related conditions
• s 15B — Damages for loss of capacity to provide domestic services

Research how courts apply s 14

BriefBridge searches NSW and High Court caselaw by meaning — every answer cited to the paragraph.