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Determination of economic and non-economic losses

Wed Sep 30 2015

Pursuant to s 146 of the Motor Accidents Compensation Act 1999 the minister for finance, services and property has made the Motor Accidents Compensation (Determination of Loss) Amendment Order 2015 (NSW), which from 1 October 2015 increases the maximum amounts that are to apply for (a) past or future economic loss - $4,688 and (b) non-economic loss - $511,000.

Pursuant to s 80 of the Motor Accidents Act 1988 the maximum amount that is to apply for past or future non-economic loss under that Act will, from 1 October 2015, be increased by the Motor Accidents Compensation (Determination of Non-Economic Loss) Amendment Order 2015(NSW).

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