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B.C. Reg. 352/81 Regulation of the Chief Justice | Filed August 25, 1981 |
This archived regulation consolidation is current to December 31, 2018 and includes changes enacted and in force by that date. For the most current information, click here. |
[includes amendments up to B.C. Reg. 74/2014, April 30, 2014]
1 Pursuant to section 56 of the Law and Equity Act, I hereby prescribe:
(a) a discount rate of 1.5% per annum compound which shall be deemed to be the future difference between the investment rate of interest and the rate of increase of earnings due to inflation and general increases in productivity, and
(b) a discount rate of 2% per annum compound which shall be deemed to be the future difference between the investment rate of interest and the rate of general price inflation.
[am. B.C. Reg. 74/2014.]
[Provisions relevant to the enactment of this regulation: Law and Equity Act, R.S.B.C. 1996, c. 253, section 56]
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