Federal Register of Legislation - Australian Government

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Instrument 2022 No. M12 Notices & Notifications as made
This instrument specifies the rate that applies for the period of 12 months commencing on 1 July 2022 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 30 Jun 2022
Tabling HistoryDate
Tabled HR26-Jul-2022
Tabled Senate26-Jul-2022
To be repealed 30 Jun 2023
Repealed by Self Repealing

 

 

 

 

Australian Government

 

 

Safety, Rehabilitation and Compensation (Defence-related Claims) (Weekly Interest on the Lump Sum) Notice 2022

 

Instrument 2022 No. M12

 

I, Matt Keogh, 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              June                 2022.

 

Matt Keogh.….

Matt Keogh

Minister for Veterans’ Affairs


 

1  Name

This instrument is the Safety, Rehabilitation and Compensation (Defence-related Claims) (Weekly Interest on the Lump Sum) Notice 2022.

 

2  Commencement

This instrument is taken to have commenced on 1 July 2022.

 

3  Revocation

This instrument is revoked on 30 June 2023.

 

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 1.67 per cent per annum is specified as the rate that applies for the period of 12 months that commences on 1 July 2022.