QLDIn ForceAct
Workers' Compensation and Rehabilitation Act 2003
sec.306LDiscount rate to be applied in calculating the present value of future loss
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### sec.306L Discount rate to be applied in calculating the present value of future loss
This section applies if—
a person is to be compensated for future loss; and
an actuarial multiplier is to be used to calculate the present value of future loss.
A discount rate of 5% is to be applied in deciding the actuarial multiplier.
s 306L ins 2010 No. 24 s 21
(sec.306L-ssec.1) This section applies if— a person is to be compensated for future loss; and an actuarial multiplier is to be used to calculate the present value of future loss.
(sec.306L-ssec.2) A discount rate of 5% is to be applied in deciding the actuarial multiplier.
- (a) a person is to be compensated for future loss; and
- (b) an actuarial multiplier is to be used to calculate the present value of future loss.