Federal Register of Legislation
Safety, Rehabilitation and Compensation (Weekly Interest on the Lump Sum) Instrument 2024
I, TONY BURKE, Minister for Employment and Workplace Relations, make the following instrument.
Dated 29 May 2024
TONY BURKE Minister for Employment and Workplace Relations
Contents 1 Name 2 Commencement 3 Authority 4 Definitions 5 Schedules 6 Specified rate Schedule 1—Repeals Safety, Rehabilitation and Compensation (Weekly Interest on the Lump Sum) Instrument 2023 Note: See section 5.
1 Name This instrument is the Safety, Rehabilitation and Compensation (Weekly Interest on the Lump Sum) Instrument 2024.
2 Commencement This instrument commences 1 July 2024.
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5 Schedules Each instrument that is specified in Schedule 1 to this instrument is amended or repealed as set out in the applicable items in that Schedule, and any other item in that Schedule has effect according to its terms.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 4.08 per cent per annum is specified for the period from 1 July 2024 to 30 June 2025.
Schedule 1—Repeals
Safety, Rehabilitation and Compensation (Weekly Interest on the Lump Sum) Instrument 2023
Note: See section 5.
1 The whole of the instrument Repeal the instrument
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