{"id":"F2020L00992","name":"Safety, Rehabilitation and Compensation (Defence-related Claims) (Weekly Interest on the Lump Sum) Notice 2020","slug":"f2020l00992","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":318668,"registerId":"commonwealth-F2020L00992-current","compilationNumber":null,"startDate":"2026-04-08","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Safety, Rehabilitation and Compensation (Defence-related Claims) (Weekly Interest on the Lump Sum) Notice 2020","content":"# ![](image.001.png)\n\nAustralian Government\n\nSafety, Rehabilitation and Compensation (Defence-related Claims) (Weekly Interest on the Lump Sum) Notice 2020\n\nInstrument 2020 No. M24\n\nI, Darren Chester, Minister for Veterans’ Affairs, make the following legislative instrument under subsection 21(5) of the Safety, Rehabilitation and Compensation (Defence-related Claims) Act 1988.\n\nDated this 29th day of July 2020.\n\nDarren Chester\n\nDARREN CHESTER\n\nMinister for Veterans’ Affairs\n\n#   \n\n1 Name\n\nThis instrument is the Safety, Rehabilitation and Compensation (Defence-related Claims) (Weekly Interest on the Lump Sum) Notice 2020.\n\n2 Commencement\n\nThis instrument is taken to have commenced on 1 July 2020.\n\n3 Revocation\n\nThis instrument is revoked on 30 June 2021.\n\n4 Authority\n\nThis instrument is made under subsection 21(5) of the Safety, Rehabilitation and Compensation (Defence-related Claims) Act 1988 (the Act).\n\n5 Specified rate of interest\n\nFor 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 1.21 per cent per annum is specified as the rate that applies for the period of 12 months that commenced on 1 July 2020.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1367},"content_quality":"ok","complexity_score":1,"rejection_reason":"","scope_assessment":{"changed":false,"description":"The instrument performs exactly the narrow function authorised by subsection 21(5) of the Act: specifying the applicable interest rate for a 12-month period. It does not expand beyond the statutory purpose of setting the weekly interest rate for lump sum calculations."},"complexity_factors":["Single operative provision (section 5) containing only a numerical rate and date range","No defined terms or interpretation section","No conditional logic or exceptions","Direct reference to only one subsection of the enabling Act","Automatic sunset clause (revocation after 12 months) requiring no administrative action"],"plain_english_summary":"This Notice sets the **interest rate** used to calculate weekly payments tied to lump sum compensation for Australian Defence Force (ADF) members and veterans.\n\n**What it does**\n*   Fixes the interest rate at **1.21% per year** for the purpose of calculating \"weekly interest on the lump sum\" under the Safety, Rehabilitation and Compensation (Defence-related Claims) Act 1988\n*   Applies for the 12-month period starting **1 July 2020** and ending **30 June 2021**\n\n**Who it affects**\n*   Current and former ADF members who receive (or are claiming) lump sum compensation for service-related injuries or diseases\n*   The Department of Veterans' Affairs when calculating payment amounts\n\n**Why it matters**\nThis rate is used in actuarial calculations to determine the weekly component or interest payable on lump sum compensation amounts. It ensures payments keep pace with economic conditions (specifically, the 10-year bond rate) during the 2020-21 financial year."}},"importantCases":[],"_links":{"self":"/api/acts/f2020l00992","history":"/api/acts/f2020l00992/history","analysis":"/api/acts/f2020l00992/analysis","conflicts":"/api/acts/f2020l00992/conflicts","importantCases":"/api/acts/f2020l00992/important-cases","documents":"/api/acts/f2020l00992/documents"}}