Covington-Thomas v Cth of Australia [No 4] [2007] NSWSC 1401
The usual simple-interest averaging rule was to be applied because it was supported by binding decisions, had the virtues of simplicity and certainty, facilitated settlement, was routinely used in personal injury and Voyager litigation, and no cogent reason was shown for departing from it. The length of time and the...
Source-derived case information.
- Jurisdiction
- Australia
- Judgment Date
- 05 December 2007
- Procedural Posture
- Negligence Claim for Damages Arising From the Melbourne/voyager Collision / Judgment on Interest Following Earlier Judgment for the Plaintiff, With Damages Issues Reserved for Calculation
- Outcome
- Confirmation of order entitling the plaintiff to judgment.
- Legal Topics
- ['interest on Damages' 'past Loss of Earning Capacity' 'past Loss of Superannuation/pension' 'method of Calculating Simple Interest' 'melbourne/voyager Collision']
Source-derived case record
Summary, issues, holding and outcome
More case intelligence is available
Unlock the full research layer for this judgment.
Procedural Posture
Negligence Claim for Damages Arising From the Melbourne/voyager Collision / Judgment on Interest Following Earlier Judgment for the Plaintiff, With Damages Issues Reserved for Calculation
Legal Issues
- 1 ['Whether interest on past loss of income and past loss of pension should be calculated by the usual broad averaging method or by a more precise actuarial calculation.' 'Whether the length of time over which interest was to be awarded and the size of the verdict justified departing from the usual rule.']
Ratio Decidendi
The usual simple-interest averaging rule was to be applied because it was supported by binding decisions, had the virtues of simplicity and certainty, facilitated settlement, was routinely used in personal injury and Voyager litigation, and no cogent reason was shown for departing from it. The length of time and the size of the award did not justify a lesser rate or a different calculation method.
Court Disposition
Confirmation of order entitling the plaintiff to judgment.
Orders
- ['Interest is to be calculated using the method interest x amount x 1/2 period or 1/2 interest x amount x period for both past loss of income and past loss of pension.' 'The calculations should be made as at 18 October 2007.' 'The previously made order entitling the plaintiff to judgment is confirmed.']
Full Case Text
Judgment text and source record
Sign in to read
Sign in to read the full judgment text
Sign in to read the full judgment text. Downloads and additional research tools may depend on your plan.
Sign in to read the full judgment