Full Record

Adjusting the Balance: Inquiry into Aspects of the Wrongs Act 1958
Melbourne, Vic.: Victorian Competition and Efficiency Commission
Torts ; Damages ; Personal Injury ;
1. About the inquiry -- 2. Background: personal injury damages -- 3. Access to damages for non-economic loss -- 4. Caps on damages for economic and non-economic loss -- 5. Discount rate -- 6. Other personal injury damages issues -- 7. Likely impacts on insurance markets -- 8. Medical Panels processes -- 9. Strict liability regime for damage by aircraft -- Appendix A: Consultation -- Appendix B: Key assumptions and calculations: insurance market impacts
From website "On 2 September 2014, the Government released the Commission?s final report for the Inquiry into Aspects of the Wrongs Act 1958.

The Commission has identified a package of changes to address several anomalies, inconsistencies and inequities arising from limitations to personal injury damages introduced in the early 2000s, without having an unduly adverse impact on the price and availability of insurance. Based on detailed analysis and extensive consultation with participants, the Commission estimated that this package is likely to improve compensation for some claimants, and increase public liability and professional indemnity insurance premiums by up to five per cent."
"On 30 May 2013, the Commission was asked to undertake an inquiry into Aspects of the Wrongs Act 1958 (Vic). The inquiry focused on addressing anomalies, inconsistencies and inequities in the Act relating to personal injury damages, without compromising the original intention of the 2002-03 tort law reforms.

The Commission was also asked to inquire into the strict liability regime for damage caused by aircraft to a person or property on land or water.

The inquiry was completed on 26 February 2014 when the Commission presented its final report, Adjusting the Balance: Inquiry into Aspects of the Wrongs Act 1958, to the Treasurer.

The Government released its response on 2 September 2014."
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