Federal Register of Legislation - Australian Government

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No. 1 of 2007 Notices & Notifications as made
This Notice specifies a new deeming rate for interest earned on superannuation lump sums which is used to calculate incapacity benefits made under the Safety, Rehabilitation and Compensation Act 1988.
Administered by: Employment
Registered 26 Apr 2007
Tabling HistoryDate
Tabled HR08-May-2007
Tabled Senate09-May-2007
Date of repeal 19 Mar 2014
Repealed by Employment (Spent and Redundant Instruments) Repeal Regulation 2014

 

 

 

Safety, Rehabilitation and Compensation (Weekly Interest on the Lump Sum) Notice 2007 (1)

 

Notice No. 1 of 2007

I, JOE HOCKEY, Minister for Employment and Workplace Relations, make this Notice under subsection 21(5) of the Safety, Rehabilitation and Compensation Act 1988 and section 47 of the Safety, Rehabilitation and Compensation and Other Legislation Amendment Act 2007.

Dated 20 April 2007.

 

JOE HOCKEY

 

Minister for Employment and Workplace Relations

1                    Name of Notice

This Notice is the Safety, Rehabilitation and Compensation (Weekly Interest on the Lump Sum) Notice 2007(1).

 

2                    Commencement and Cessation

This Notice commences on 27 April 2007 and ceases to have effect after 30 June 2007.

 

3                    Specified Rate

For subsection 21(5) of the Safety, Rehabilitation and Compensation Act 1988 and section 47 of the Safety, Rehabilitation and Compensation and Other Legislation Amendment Act 2007, I specify the rate of weekly interest on the lump sum to be 5.72%.