Safety, Rehabilitation and Compensation (Rate of Interest Payable) Notice 2005 (1) (Cth)

Safety, Rehabilitation and Compensation (Rate of Interest Payable) Notice 2005 (1)

Notice No. 1 of 2005.

I, KEVIN JAMES ANDREWS, Minister for Employment and Workplace Relations, make this Notice under subsection 26(3) of the Safety, Rehabilitation and Compensation Act 1988.

Dated 2^nd December   2005

KEVIN ANDREWS

Minister for Employment and Workplace Relations  

1. Name of Notice

This Notice is the Safety, Rehabilitation and Compensation (Rate of Interest Payable) Notice 2005 (1).

1. Commencement

This Notice commences on registration on the Federal Register of Legislative Instruments (FRLI).

1. Declaration

For subsection 26(3) of the Safety, Rehabilitation and Compensation Act 1988 (the Act), I declare that the rate of interest payable is the weighted average yield of 90 day bank-accepted bills, as published by the Reserve Bank of Australia, settled immediately prior to the last day of the thirty day settlement period.