Damages Act 1996
1996 c. 48 · Enacted 24 July 1996 · Extends to United Kingdom
I1E1Be it enacted by the Queen’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—C1
Annotations to the whole text
Modifications
- C1
Act: transfer of functions (12.4.2010) by The Northern Ireland Act 1998 (Devolution of Policing and Justice Functions) Order 2010 (S.I. 2010/976), Sch. 17 para. 15 (with arts. 28-31)
Commencement
- I1
Act wholly in force at 24. 9. 1996 see s. 8(3)
Extent
- E1
Act extends to UK except s. 3 which extends to E.W. & N.I. only see s. 8(2)
Contents
- A1Assumed rate of return on investment of damages: England and Wales
- B1Assumed rate of return on damages invested: Scotland
- C1Assumed rate of return on damages invested: Northern Ireland
- 1Assumed rate of return on investment of damages. Repealed
- 2Periodical payments
- 2APeriodical payments: supplementary
- 2BVariation of orders and settlements
- 3Provisional damages and fatal accident claims.
- 4Enhanced protection for periodical payments
- 5Meaning of structured settlement. Repealed
- 6Guarantees for public sector settlements.
- 7Interpretation.
- 8Short title, extent and commencement.
- Schedule A1: ASSUMED RATE OF RETURN ON INVESTMENT OF DAMAGES: ENGLAND AND WALES
- 1Periodic reviews of the rate of return
- 2Conducting the first review
- 3Conducting later reviews
- 4Determining the rate of return
- 5Determination
- 6Expert panel
- 7Proceedings, powers and funding of an expert panel
- 8Application of this Schedule where there are several rates of return
- 9Interpretation
- Schedule B1: Setting the rate for section B1(1): Scotland
- Regular review of rates of return
- 1Paragraph 1
- 2Paragraph 2
- 3Paragraph 3
- Overview as to rate-setting
- 4Paragraph 4
- 5Paragraph 5
- 6Paragraph 6
- Returns-based assessment
- 7Paragraph 7
- 8Paragraph 8
- 9Paragraph 9
- Standard adjustments
- 10Paragraph 10
- 11Paragraph 11
- Notional investment portfolio
- 12Paragraph 12
- 13Paragraph 13
- Details within portfolio
- 14Paragraph 14
- 15Paragraph 15
- Hypothetical investor
- 16Paragraph 16
- 17Paragraph 17
- 18Paragraph 18
- Expression of rates set
- 19Paragraph 19
- 20Paragraph 20
- Single or multiple rates
- 21Paragraph 21
- 22Paragraph 22
- Reporting and effective date
- 23Paragraph 23
- 24Paragraph 24
- 25Paragraph 25
- Reimbursement of costs
- 26Paragraph 26
- Transitional arrangements
- 27Paragraph 27
- 28Paragraph 28
- 29Paragraph 29
- 30Paragraph 30
- Procedure for regulations
- 31Paragraph 31
- Interpretation of schedule
- 32Paragraph 32
- 33Paragraph 33
- Schedule C1: Setting the rate for section C1(1): Northern Ireland
- Regular review of rates of return
- 1Paragraph 1
- 2Paragraph 2
- 3Paragraph 3
- Overview as to rate-setting
- 4Paragraph 4
- 5Paragraph 5
- 6Paragraph 6
- Returns-based assessment
- 7Paragraph 7
- 8Paragraph 8
- 9Paragraph 9
- Standard adjustments
- 10Paragraph 10
- 11Paragraph 11
- Notional investment portfolio
- 12Paragraph 12
- 13Paragraph 13
- Details within portfolio
- 14Paragraph 14
- 15Paragraph 15
- Hypothetical investor
- 16Paragraph 16
- 17Paragraph 17
- 18Paragraph 18
- Expression of rates set
- 19Paragraph 19
- 20Paragraph 20
- Single or multiple rates
- 21Paragraph 21
- 22Paragraph 22
- Reporting and effective date
- 23Paragraph 23
- 24Paragraph 24
- 25Paragraph 25
- Reimbursement of costs
- 26Paragraph 26
- Transitional arrangements
- 27Paragraph 27
- 28Paragraph 28
- 29Paragraph 29
- 30Paragraph 30
- Procedure for regulations
- 31Paragraph 31
- Interpretation of Schedule
- 32Paragraph 32
- 33Paragraph 33
- 34Paragraph 34
- Schedule 1: Guarantees by Northern Ireland departments for public sector settlements
- 1Paragraph 1
- 2Paragraph 2
- 3Paragraph 3
- 4Paragraph 4
- 5Paragraph 5
- 6Paragraph 6