This notice may be cited as the Motor Accident Insurance Indexation Notice 2024.
This notice commences on 1 July 2024.
3Declared costs limit—Act, s 100A
For section 100A(1)(a) of the Act, $4,590 is fixed, for the 2024–2025 financial year, as the declared costs limit.
4Lower offer limit—Act, s 100A
For section 100A(1)(b) of the Act, $54,850 is fixed, for the 2024–2025 financial year, as the lower offer limit.
5Upper offer limit—Act, s 100A
For section 100A(1)(c) of the Act, $91,460 is fixed, for the 2024–2025 financial year, as the upper offer limit.
6Amounts prescribed under particular former provisions of Act—Act, s 119
(1)This section and schedule 1 state information for section 119(3) of the Act.(2)An amount stated in column 2 of the table in schedule 1 was prescribed, under former section 4 of the Act, definition declared costs limit, for an injury that arose during the period stated opposite in column 1 of the table.(3)An amount stated in column 3 of the table in schedule 1 was prescribed, under former section 4 of the Act, definition lower offer limit, for an injury that arose during the period stated opposite in column 1 of the table.(4)An amount stated in column 4 of the table in schedule 1 was prescribed, under former section 4 of the Act, definition upper offer limit, for an injury that arose during the period stated opposite in column 1 of the table.(5)In this section—former, for a provision of the Act, means the provision as in force immediately before the commencement of the Justice and Other Legislation Amendment Act 2023, part 21.
Column 1 | Column 2 | Column 3 | Column 4 | |
Period (dates inclusive) | Declared costs limit ($) | Lower offer limit ($) | Upper offer limit ($) | |
1 | 2 December 2002 to 30 June 2010 | 2,500 | 30,000 | 50,000 |
2 | 1 July 2010 to 30 June 2011 | 2,950 | 35,340 | 58,900 |
3 | 1 July 2011 to 30 June 2012 | 3,040 | 36,400 | 60,670 |
4 | 1 July 2012 to 30 June 2013 | 3,210 | 38,390 | 63,990 |
5 | 1 July 2013 to 30 June 2014 | 3,380 | 40,460 | 67,450 |
6 | 1 July 2014 to 30 June 2015 | 3,510 | 41,990 | 70,010 |
7 | 1 July 2015 to 30 June 2017 | 3,600 | 43,020 | 71,730 |
8 | 1 July 2017 to 30 June 2018 | 3,690 | 44,070 | 73,490 |
9 | 1 July 2018 to 30 June 2019 | 3,800 | 45,430 | 75,750 |
10 | 1 July 2019 to 30 June 2020 | 3,910 | 46,800 | 78,040 |
11 | 1 July 2020 to 30 June 2021 | 4,000 | 47,850 | 79,790 |
12 | 1 July 2021 to 30 June 2022 | 4,020 | 48,030 | 80,090 |
13 | 1 July 2022 to 30 June 2023 | 4,160 | 49,700 | 82,870 |
14 | 1 July 2023 to 30 June 2024 | 4,380 | 52,350 | 87,300 |