Compensation to Relatives Webinar Replay
In this webinar, we discuss the processes that we use in calculating Compensation to Relatives claims and in particular determining the level of dependency.
There are a number of different ways that you can calculate dependency from using the tables in Lundtz, Australian Bureau of Statistics - Household Expenditure Survey or the spouse's statements and financial documents.
We discuss when to use each method and the problems in applying each version.
There are five steps to calculating loss of financial support:
Probable Earnings of Deceased
Earnings of Spouse
Level of Dependency
Period of Dependency
Calculations
The claimants are also entitled to receive compensation in accordance with the principles set down in Griffiths & Kirkemeyer for services provided by the deceased. We discuss the various methods of calculating care and the basis for determining the rate to be applied.
The webinar replay is 33 minutes.
Compensation To Relatives Webinar Video
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Disclaimer: The information provided in this article is general in nature and does not constitute personal financial, legal or tax advice. All content relates to the current financial year only. Future changes to tax laws, thresholds or administrative requirements may affect the accuracy or relevance of this information, so you should always confirm that the guidance remains current. While every effort has been made to ensure accuracy at the time of publication, Dolman Bateman accepts no responsibility or liability for any loss or damage arising from reliance on this information. You should seek professional advice tailored to your circumstances before making any financial or tax decision.
