Safety, Rehabilitation and Compensation (Weekly Interest on the Lump Sum) Instrument 2025

I, AMANDA RISHWORTH, Minister for Employment and Workplace Relations, make the following instrument.

Dated 8 June 2025   

AMANDA RISHWORTH

Minister for Employment and Workplace Relations

Contents

1 Name...............................................1

2 Commencement.........................................1

3 Authority.............................................1

4 Definitions............................................1

5 Schedules.............................................1

6 Specified rate...........................................1

Schedule 1—Repeals 2

Safety, Rehabiltation and Compensation (Weekly Interest on the Lump Sum) Instrument 2024 2

1  Name

  This instrument is the Safety, Rehabilitation and Compensation (Weekly Interest on the Lump Sum) Instrument 2025.

2  Commencement

  This instrument commences 1 July 2025.

3  Authority

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

4  Definitions

  In this instrument:

Act means the Safety, Rehabilitation and Compensation Act 1988.

5  Schedules

Each instrument that is specified in Schedule 1 to this instrument is amended or repealed as set out in the applicable items in that Schedule, and any other item in that Schedule has effect according to its terms.

6  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 4.29 per cent per annum is specified for the period from 1 July 2025 to 30 June 2026.

Schedule 1—Repeals

Safety, Rehabilitation and Compensation (Weekly Interest on the Lump Sum) Instrument 2024

Note: See section 5.  

1  The whole of the instrument

Repeal the instrument