When is the deadline for ultimate limitation period - fifteen years from the act or omission?
The catalogue records a 15 years period from The day on which the act or omission on which the claim is based took place. This draft page remains free only until its source, worked example and limits are reviewed.
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Calculation basis and source
- Period
- 15 years
- Trigger
- The day on which the act or omission on which the claim is based took place
- Counting
- The encoded calculator method must be independently documented before publication.
- Rollovers and holidays
- Holiday, closure and order treatment must be independently documented before publication.
This route remains in preparation until a pinpoint official source is recorded.
- NON-EXTENDABLE BY AGREEMENT: s 21(2) expressly prohibits an agreement extending the s 7 ultimate period. No judicial discretion to extend. The period IS suspended during minority or unrepresented mental incapacity (s 8(1)) and during wilful concealment or wilful misleading by the defendant (s 17), because those provisions suspend "any limitation period established by this Act".
- A true long-stop or repose period that runs from the act or omission irrespective of discovery. MUST BE RECORDED SEPARATELY FROM THE SECTION 5 BASIC PERIOD - the two run independently and the claim is barred on the earlier expiry. Subsections (2) and (4) displace the 15 years for particular claims: conversion against a good faith purchaser for value is 2 years from conversion (s 7(2)); a claim based on an act or omission causing death is 2 years from the earlier of discovery of the death and the date of a court's presumption of death (s 7(4)).