{"id":"F2006L02319","name":"Military Rehabilitation and Compensation (Determination of Rate of Interest) Determination 2006","slug":"military-rehabilitation-and-compensation-determination-of-rate-of-interest-determination-2006","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":117633,"registerId":"commonwealth-F2006L02319-current","compilationNumber":null,"startDate":"2026-04-03","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"MILITARY REHABILITATION AND COMPENSATION","sectionType":"part","heading":"MILITARY REHABILITATION AND COMPENSATION (DETERMINATION OF RATE OF INTEREST) DETERMINATION 2006","content":"# MILITARY REHABILITATION AND COMPENSATION (DETERMINATION OF RATE OF INTEREST) DETERMINATION 2006","sortOrder":0},{"sectionNumber":"Instrument No. M18 of 2006","sectionType":"part","heading":"Instrument No. M18 of 2006","content":"# Instrument No. M18 of 2006\n\nI, BRUCE BILLSON, Minister for Veterans’ Affairs determine that:","sortOrder":1},{"sectionNumber":"1. The Instrument entitled “Military Reh","sectionType":"part","heading":"1. The Instrument entitled “Military Rehabilitation and Compensation Act 2004 Subsection 79(3)(MRCA Instrument No. 6 of 2004) Determination of Rate of Interest” and made by the then Minister for Veterans’ Affairs on 1 June 2004 is revoked.","content":"# 1. The Instrument entitled “Military Rehabilitation and Compensation Act 2004 Subsection 79(3)(MRCA Instrument No. 6 of 2004) Determination of Rate of Interest” and made by the then Minister for Veterans’ Affairs on 1 June 2004 is revoked.\n\n2. The rate of interest for the purposes of subsection 79(3) of the Military Rehabilitation and Compensation Act 2004 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.\n\n3. This determination commences on the day after it is registered on the Federal Register of Legislative Instruments.\n\nDated this 6th day of July 2006\n\n……………………….\n\nBRUCE BILLSON\n\nMINISTER FOR VETERANS’ AFFAIRS","sortOrder":2}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1374},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This is a straightforward replacement of the previous 2004 interest rate determination. It maintains the same scope as the original instrument—setting the interest rate for compensation payments—simply updating the calculation methodology to reference current Reserve Bank of Australia published rates."},"complexity_factors":["Only 3 operative sections with minimal cross-referencing","Technical financial terminology (weighted average yield of 90-day bank-accepted bills) requires money market knowledge to interpret","No defined terms section, nested conditions, or exceptions"],"plain_english_summary":"This determination replaces the prior 2004 rate and sets the interest the Australian Government must pay on MRCA compensation as the weighted average yield on 90‑day bank‑accepted bills (the RBA‑published money market rate) measured immediately before the last day of the 30‑day settlement period. It affects current and former ADF members (and their families) entitled to MRCA payments when delayed payments attract interest."}},"importantCases":[],"_links":{"self":"/api/acts/military-rehabilitation-and-compensation-determination-of-rate-of-interest-determination-2006","history":"/api/acts/military-rehabilitation-and-compensation-determination-of-rate-of-interest-determination-2006/history","analysis":"/api/acts/military-rehabilitation-and-compensation-determination-of-rate-of-interest-determination-2006/analysis","conflicts":"/api/acts/military-rehabilitation-and-compensation-determination-of-rate-of-interest-determination-2006/conflicts","importantCases":"/api/acts/military-rehabilitation-and-compensation-determination-of-rate-of-interest-determination-2006/important-cases","documents":"/api/acts/military-rehabilitation-and-compensation-determination-of-rate-of-interest-determination-2006/documents"}}