The time limit differs depending on the type of claim. Put simply, the limitation period (the amount of time you have to lodge the claim as set out in legislation) will be the same as it would be if you were lodging any value of claim. For example, the limitation period for personal injury claims does not differ based on the value; it is fixed.
If your claim is contractual, the time limit for bringing a claim is six years, although it could be twelve years where the contract is in the form of a Deed.
If the claim is based on negligence of the defendant, the time limit is six years.
For personal injury claims including fatal accidents, the time limit for bringing a claim is three years. The three-year period runs from the date of injury or death or the date you first learned about the injury or death. If you are under 18 at the time, the three year period begins when you turn 18.