We have now added an option to the Simple Economic Loss Scenario where you can elect to increase earnings with CPI.

CPI is based on the CPI Index for All Capital Cities as published by the Australian Bureau of Statistics. It assumes that the first financial year (year of accident) is the base and then CPI increases are applied each year until the date of hearing.

Future Loss, when CPI increases are selected, is based on the CPI indexed earnings at the date of the hearing. Consistent with common law, CPI increases are not applied into the future.