Motor Accident Insurance Indexation Notice 2024 (Qld)

Motor Accident Insurance Indexation Notice 2024

1 Short title This notice may be cited as the Motor Accident Insurance Indexation Notice 2024.

2 Commencement This notice commences on 1 July 2024.

3 Declared 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.

4 Lower 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.

5 Upper 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.

6 Amounts 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.

Schedule 1 Amounts prescribed under particular former provisions of Act 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