Safety, Rehabilitation and Compensation (Weekly Interest on the Lump Sum) Notice 2011 (1)

Notice No. 1 of 2011

I, CHRIS EVANS, Minister for Tertiary Education, Skills, Jobs and Workplace Relations, make this Notice under subsection 21(5) of the Safety, Rehabilitation and Compensation Act 1988.

Dated          13 June               2011

Chris Evans

Minister for Education, Skills, Jobs and Workplace Relations

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1. Name of Notice

This Notice is the Safety, Rehabilitation and Compensation (Weekly Interest on the Lump Sum) Notice 2011 (1)

2. Commencement

This Notice commences on the later of:

(a) 1 July 2011; or

(b) the day after it is registered on the Federal Register of Legislative Instruments.

3. Cessation

This Notice ceases to have effect after 30 June 2012.

4. Declaration

For subsection 21(5) of the Safety, Rehabilitation and Compensation Act 1988, I specify that the rate of ‘Weekly interest on the lump sum’ to be 5.35%.