14Damages for future economic loss—discount rate

#### 14 Damages for future economic loss—discount rate 14 Damages for future economic loss—discount rate > > (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. > > **s 14:** Am 2002 No 92, Sch 2 \[6\].