Motor Accident Injuries (Indexation) Amendment Order 2018 (NSW)
New South Wales
Motor Accident Injuries (Indexation)
Amendment Order 2018
under the
Motor Accident Injuries Act 2017
I, the Chief Executive of State Insurance Regulatory Authority, in pursuance of sections 3.9, 3.22 and 4.22 of the Motor Accident Injuries Act 2017, make the following Order.
Dated, this 25th day of September 2018.
CARMEL DONNELLY
Chief Executive of State Insurance Regulatory Authority
Explanatory note
The object of this Order is to adjust, for the year commencing 1 October 2018:
| (a) | the maximum amount of weekly statutory benefits that is payable to persons who have been injured as a consequence of a motor accident to which the Motor Accident Injuries Act 2017 (the Act) applies, and |
| (b) | the maximum amount of damages that may be awarded for non-economic loss to persons who have been injured as a consequence of a motor accident to which the Act applies. |
Sections 3.9 and 4.22 of the Act require the State Insurance Regulatory Authority to declare the amounts on or before 1 October each year. The amounts are indexed by reference to movements in average weekly earnings. An amount specified in this Order applies to the exclusion of the corresponding amount specified
| in section 3.9 or 4.13 of the Act. | B | ||
| This Order also notifies the number that equates to the factor |
| ||
| of the Act for calculating the variation of the amount of a weekly payment of statutory benefits to be paid | C |
to a person who has been injured in a motor accident to which the Act applies.
Section 3.22 of the Act also requires the amount of a weekly payment of statutory benefits to be varied on
1 April and 1 October each year.
Motor Accident Injuries (Indexation) Amendment Order 2018 [NSW]
Motor Accident Injuries (Indexation) Amendment Order 2018
under the
Motor Accident Injuries Act 2017
1 Name of Order
This Order is the Motor Accident Injuries (Indexation) Amendment Order 2018.
2 Commencement
This Order commences on 1 October 2018 and is required to be published on the
NSW legislation website.
3 Amendment of Motor Accident Injuries (Indexation) Order 2017
(1) Clause 4 Section 3.9: Maximum weekly statutory benefits amount Insert at the end of the Table to the clause:
1 October 2018 $4,039
(2) Clause 4A Section 3.22: Indexation of weekly statutory benefits Insert at the end of the Table to the clause:
1 October 2018 1.016 (3) Clause 5 Section 4.22: Indexation of maximum for non-economic loss damages Insert at the end of the Table to the clause:
1 October 2018 $546,000
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