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Safety, Rehabilitation and Compensation (Weekly Interest on the Lump Sum) Notice 2017

Authoritative Version
Notices & Notifications as made
This notice specifies the rate which is used for the purposes of the definition of ‘weekly interest on the lump sum’ in the Safety, Rehabilitation and Compensation Act 1988.
Administered by: Jobs and Small Business (part of the Jobs and Innovation portfolio)
General Comments: This instrument is also taken to be made under the Safety, Rehabilitation and Compensation (Defence-related Claims) Act 1988 (the DRCA), by virtue of transitional provisions in the Safety, Rehabilitation and Compensation Legislation Amendment (Defence Force) Act 2017. The Minster for Veterans’ Affairs is responsible for administering the DRCA.
Registered 20 Jun 2017
Tabling HistoryDate
Tabled HR22-Jun-2017
Tabled Senate08-Aug-2017
Date of repeal 01 Jul 2018
Repealed by Self Repealing

 

Safety, Rehabilitation and Compensation
(Weekly Interest on the Lump Sum) Notice 2017

 

 

 

I, MICHAELIA CASH, Minister for Employment, make the following Notice.

Dated   14 June 2017                          

Michaelia Cash

Minister for Employment

1  Name

                   This instrument is the Safety, Rehabilitation and Compensation (Weekly Interest on the Lump Sum) Notice 2017.

2  Commencement

                   This instrument commences on 1 July 2017.

3  Repeal

                   This instrument is repealed at the start of 1 July 2018.

4  Authority

                   This instrument is made under subsection 21(5) of the Safety, Rehabilitation and Compensation Act 1988 (‘the Act’).

5  Specified rate

For the purposes of the definition of weekly interest on the lump sum in
subsections 21(3) and 21A(3) of the Act, the rate of 2.37 per cent per annum is specified.