{"id":"F2022L00915","name":"Safety, Rehabilitation and Compensation (Defence-related Claims) (Weekly Interest on the Lump Sum) Notice 2022","slug":"f2022l00915","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":319193,"registerId":"commonwealth-F2022L00915-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Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Safety, Rehabilitation and Compensation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 2022","content":"# ![](image.001.png)\n\nAustralian Government\n\nSafety, Rehabilitation and Compensation (Defence-related Claims) (Weekly Interest on the Lump Sum) Notice 2022\n\nInstrument 2022 No. M12\n\nI, Matt Keogh, 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 June 2022.\n\n…Matt Keogh.….\n\nMatt Keogh\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 2022.\n\n2 Commencement\n\nThis instrument is taken to have commenced on 1 July 2022.\n\n3 Revocation\n\nThis instrument is revoked on 30 June 2023.\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 1.67 per cent per annum is specified as the rate that applies for the period of 12 months that commences on 1 July 2022.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1262},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The instrument operates strictly within the single purpose authorized by the parent Act: specifying the annual interest rate for calculating weekly payments from lump sums. It does not expand beyond this technical, annual administrative function."},"complexity_factors":["Single operative provision (section 5) containing only a rate and a date","No defined terms","No cross-references to other legislation except the empowering provision","Straightforward temporal limitation (12-month duration)"],"plain_english_summary":"This notice sets the **interest rate used to calculate weekly payments from lump sum compensation** for Australian Defence Force members and veterans.\n\n**What it does:**\n*   Under the military compensation scheme (the SRC(Defence-related Claims) Act), injured veterans can choose to receive a lump sum payment as a series of weekly instalments instead.\n*   This instrument specifies the interest rate ( **1.67% per year** ) that is used to calculate exactly how much money those weekly payments should be.\n\n**Who it affects:**\n*   Current and former Defence Force members receiving compensation for service-related injuries or illnesses who elect to convert their lump sum into weekly payments.\n*   The Department of Veterans' Affairs, which administers these calculations.\n\n**Key detail:**\nThis rate only applied for **12 months** (from 1 July 2022 to 30 June 2023). The instrument automatically expired after that date."}},"importantCases":[],"_links":{"self":"/api/acts/f2022l00915","history":"/api/acts/f2022l00915/history","analysis":"/api/acts/f2022l00915/analysis","conflicts":"/api/acts/f2022l00915/conflicts","importantCases":"/api/acts/f2022l00915/important-cases","documents":"/api/acts/f2022l00915/documents"}}