Victorian Consolidated Regulations

TRANSPORT ACCIDENT (IMPAIRMENT) REGULATIONS 2020 - REG 6

For the purposes of section 47(4) of the Act, the periodic payments payable to a person are weekly payments, calculated in accordance with the formula—

where—

        A     is the amount of the impairment benefit assessed in accordance with section 47(2) of the Act, less the sum of the part of impairment benefit paid under section 47(3)(c) of the Act and any interim benefit paid; and

        B     is—

        (a)     if, at the date of assessment of the impairment benefit, the person is 18 years or over and under 55 years and one month, the amount in Column 2 of Schedule 1 opposite the age of the person in completed years at that date; or

        (b)     if, at the date of assessment of the impairment benefit, the person is 55 years and one month or more and under 72 years and one week, the amount in Column 2 of Schedule 1 opposite the age of the person in years and completed months at that date; or

        (c)     if, at the date of assessment of the impairment benefit, the person is 72 years and one week or more and under 75 years, the amount in Column 2 of Schedule 1 opposite the age of the person in years and completed weeks at that date; or

        (d)     if, at the date of assessment of the impairment benefit, the person is 75 years or over, $10 000.