Safety, Rehabilitation and Compensation (Defence-related Claims) Act 1988

Safety, Rehabilitation and Compensation (Defence-related Claims) (Weekly Interest on the Lump Sum) Notice 2018

Instrument 2018 No. M63

I, Darren Chester, Minister for Veterans’ Affairs, make the following legislative instrument under subsection 21(5) of the Safety, Rehabilitation and Compensation (Defence-related Claims) Act 1988.

Dated this       14^th                      day of                      June                 2018.

1 Name

This instrument is the Safety, Rehabilitation and Compensation (Defence-related Claims) (Weekly Interest on the Lump Sum) Notice 2018.

2 Commencement

This instrument commences on 1 July 2018.

3  Repeal

This instrument is repealed at the start of 1 July 2019.

4  Authority

This instrument is made under subsection 21(5) of the Safety, Rehabilitation and Compensation (Defence-related Claims) Act 1988 (the Act).

5  Specified rate of interest

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 2.64 per cent per annum is specified as the rate that applies for the period of 12 months commencing on 1 July 2018.