Federal Register of Legislation - Australian Government

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Instrument 2020 No. M24 Notices & Notifications as made
This instrument specifies the rate that applies for the period of 12 months commencing on 1 July 2020 for the purposes of the definition of 'weekly interest on the lump sum' in subsections 21(3) and 21A(3) of the Safety, Rehabilitation and Compensation (Defence-related Claims) Act 1988.
Administered by: Veterans' Affairs
Registered 05 Aug 2020
Tabling HistoryDate
Tabled HR24-Aug-2020
Tabled Senate24-Aug-2020
Date of repeal 30 Jun 2021
Repealed by Self Repealing

 

 

 

 

       Australian Government

 

 

Safety, Rehabilitation and Compensation (Defence-related Claims) (Weekly Interest on the Lump Sum) Notice 2020

 

Instrument 2020 No. M24

 

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           29th             day of              July              2020.

 

 

       Darren Chester

DARREN CHESTER

 

Minister for Veterans’ Affairs


 

1  Name

This instrument is the Safety, Rehabilitation and Compensation (Defence-related Claims) (Weekly Interest on the Lump Sum) Notice 2020.

 

2  Commencement

This instrument is taken to have commenced on 1 July 2020.

 

3  Revocation

This instrument is revoked on 30 June 2021.

 

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 1.21 per cent per annum is specified as the rate that applies for the period of 12 months that commenced on 1 July 2020.