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WORKERS' COMPENSATION AND REHABILITATION ACT 2003 - SECT 306L
Discount rate to be applied in calculating the present value of future loss
306L Discount rate to be applied in calculating the present value of future
loss
(1) This section applies if— (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.
(2) A discount rate of 5% is to be applied in
deciding the actuarial multiplier.
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