When a person dies due to another party's negligence, their dependants may be entitled to compensation for the financial loss they have suffered. Quantifying that loss requires a specific forensic methodology that goes well beyond a straightforward income calculation.

Incomplete financial information is one of the most common causes of delay in economic loss assessments. Understanding what a forensic accountant needs — and why — helps legal teams and their clients prepare more efficiently from the outset.

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.