151JDamages for future economic loss—discount rate

#### 151J Damages for future economic loss—discount rate 151J Damages for future economic loss—discount rate > > (1) For the purposes of an award of damages, the present value of future economic loss is to be qualified 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 per cent. > > > (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 151J:** Ins 1989 No 133, Sch 1 (1). Am 2001 No 94, Sch 1.1 \[8\].