Safety, Rehabilitation and Compensation (Weekly Interest on the Lump Sum) Notice 2017 (Cth)

Safety, Rehabilitation and Compensation
(Weekly Interest on the Lump Sum) Notice 2017

I, MICHAELIA CASH, Minister for Employment, make the following Notice.

Dated   14 June 2017                          

Michaelia Cash

Minister for Employment

1  Name

This instrument is the Safety, Rehabilitation and Compensation (Weekly Interest on the Lump Sum) Notice 2017.

2  Commencement

This instrument commences on 1 July 2017.

3  Repeal

This instrument is repealed at the start of 1 July 2018.

4  Authority

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

5  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 2.37 per cent per annum is specified.