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12.7.1.3 Reference table to assist in determining which methodology applies for claims received during the transition period
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If… |
Apply… |
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Date of effect (DOE) and date of PI claim are both prior to 1 July 2013 |
OLD |
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DOE and date of PI claim are both on/after 1 July 2013 |
NEW |
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Date of PI claim is after 1 July 2013 and DOE prior to 1 July 2013 |
NEW |
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Date of PI claim is prior to 1 July 2013 and DOE on/after 1 July 2013 and… (a)…the new methodology will increase the client's PI compared to the old methodology… (b)…if the new methodology will reduce the client's PI compared to the old methodology…
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NEW OLD |