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Inflation affects how past losses are measured, how statutory amounts are updated, and how future losses are projected. Getting indexation right is not a minor detail — in long-running matters, it can make a meaningful difference to the final damages figure.

Australia's income tax rates changed from 1 July 2024, with the second marginal rate falling from 19% to 16%. This directly affects how net wages are calculated in economic loss reports and must be correctly applied to assessments covering the 2025 and 2026 financial years.

Workers compensation weekly payments in NSW are subject to caps that change every six months through indexation. Understanding how the different tiers and thresholds work is essential for anyone assessing past or future weekly benefits.

When a worker dies as a result of a workplace injury or dust disease, NSW legislation provides specific death benefits to their dependants. These include an indexed lump sum and weekly payments, and the amounts in force at the date of death are critically important.

Following Gray v Richards, two methodologies have developed for calculating fund management costs in personal injury matters. The Present Day Value and Actual Value approaches can produce materially different results, and understanding both is important for legal teams and their clients.