The proposal is for a cap for non-economic loss of $150000. More when I have a chance to absorb the detail (116 pages) of what looks to be a formidable, balanced argument for filling the gap in current law. Interestingly the Advisory Panel, members of which may or may not agree with all or parts of the report, included distinguished legal minds from Australia and abroad, and while he might be in that category as well, Sydney Morning Herald journalist David Marr.
Update: Marr's involvement appears to have given the SMH a "head's up" with this "Take a good look- this picture might soon be banned" and Marr's opinion piece detailing his ignored attempts to dissuade the NSWLRC from the recommendation, both in Saturday's Herald, while not a word in News Ltd papers. They won't be far behind.