71Discount rate applicable to certain awards of damages

#### 71 Discount rate applicable to certain awards of damages 71 Discount rate applicable to certain awards of damages > > (1) Where an award of damages is to include compensation, assessed as a lump sum, in respect of damage for future economic loss which is referable to: > > > > > (a) deprivation or impairment of earning capacity, or > > > > > (b) loss of expectation of financial support, or > > > > > (b1) the value of future services of a domestic nature or services relating to nursing and attendance, or > > > > > (c) a liability to incur expenditure in the future, > > > > the present value of the future economic loss shall be qualified by adopting: > > > > > (d) a discount rate of the percentage prescribed by the regulations, or > > > > > (e) if no percentage is prescribed as referred to in paragraph (d), a discount rate of 5 per cent. > > > (2) Except as provided by this section, nothing in this section affects any other law relating to the discounting of sums awarded as damages. > > **s 71:** Am 1989 No 47, Sch 1 (34).