What is the threshold amount for dismissing a proceeding in the Supreme Court due to costs?

The correct threshold amount for dismissing a proceeding in the Supreme Court due to costs is established at less than $500,000. This reflects the jurisdictional limit that the Supreme Court of New South Wales has set concerning the financial threshold that must be surpassed for specific proceedings. Under this limitation, cases claiming damages below this amount may be dismissed for being too low or not sufficiently substantive to warrant the court's attention, thereby saving judicial resources for more significant claims. Understanding this threshold is crucial for litigants as it directly influences their decisions on whether to pursue a matter in the Supreme Court or consider other forums, such as the District Court, which may have different thresholds and procedures.