{"id":"F2006B01027","name":"Safety, Rehabilitation and Compensation Act 1988 - Notice under subsection 97L(3) and subsection 97M(7) (07/07/2003)","slug":"safety-rehabilitation-and-compensation-act-1988-notice-under-subsection-97l-3-and-subsection-97m-7-0","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":40850,"registerId":"commonwealth-F2006B01027-current","compilationNumber":null,"startDate":"2026-04-01","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Safety, Rehabilitation and Compensation Act 1988 - Notice under subsection 97L(3) and subsection 97M(7) (07/07/2003)","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\nmeta-generator: Aspose.Words for .NET 20.2\ntitle: COMMONWEALTH OF AUSTRALIA\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\n \n\n \n\nCOMMONWEALTH OF AUSTRALIA\n\n \n\n \n\nSafety, Rehabilitation and Compensation Act 1988\n\n \n\n \n\nNOTICE UNDER SUBSECTION 97L(3) AND SUBSECTION 97M(7)\n\n \n\n \n\nNotice No 17 of 2003\n\n \n\n \n\nI, ANTHONY JOHN ABBOTT, Minister for Employment and Workplace Relations,\n\non and from the date of publication of this notice in the Commonwealth of Australia\n\nGazette hereby:\n\n \n\n- Revoke the notice in writing number 7 of 2002 of 31 July 2002 in the\n\n\nCommonwealth of Australia Gazette No 30; and\n\n \n\n- Specify that the rate of interest payable for the purposes of subsections 97L(3) and 97M(7) of the Safety, Rehabilitation and Compensation Act 1988 for each day of the overpayment period is the rate of interest published by the Reserve\n\n\nBank of Australia for 6 month overnight indexed swaps for each of those\n\ndays.\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nTONY ABBOTT\n\nMinister for Employment and Workplace Relations\n\nDated          7/7/2003.\n\n \n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1758},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This is a routine administrative update that maintains the existing legislative framework for interest on overpayment recoveries. It simply updates the specific calculation methodology from a 2002 notice without expanding the scope or purpose of the original scheme."},"complexity_factors":["Single operational change: specifies one external financial benchmark (RBA 6-month overnight indexed swaps)","Requires understanding of overpayment recovery provisions in the SRC Act","Revocation of previous notice requires cross-referencing to Notice No 7 of 2002"],"plain_english_summary":"This notice sets the interest rate that applies when the Australian Government recovers overpaid workers' compensation payments.\n\nUnder the Commonwealth's workers' compensation scheme (Comcare), if the government accidentally pays too much compensation to an injured worker, it can recover that overpayment. This notice determines how much **interest** is charged on the amount owed back to the government.\n\n**Key points:**\n- **What changed:** This notice replaces an earlier one from July 2002 (Notice No 7 of 2002).\n- **The interest rate:** The rate is set at the Reserve Bank of Australia's published rate for **6-month overnight indexed swaps** (a financial benchmark) for each day the money remains owing.\n- **When it applies:** For any overpayment recovery actions under sections 97L and 97M of the *Safety, Rehabilitation and Compensation Act 1988* (which deal with recovery of overpaid compensation and amounts paid in error)."}},"importantCases":[],"_links":{"self":"/api/acts/safety-rehabilitation-and-compensation-act-1988-notice-under-subsection-97l-3-and-subsection-97m-7-0","history":"/api/acts/safety-rehabilitation-and-compensation-act-1988-notice-under-subsection-97l-3-and-subsection-97m-7-0/history","analysis":"/api/acts/safety-rehabilitation-and-compensation-act-1988-notice-under-subsection-97l-3-and-subsection-97m-7-0/analysis","conflicts":"/api/acts/safety-rehabilitation-and-compensation-act-1988-notice-under-subsection-97l-3-and-subsection-97m-7-0/conflicts","importantCases":"/api/acts/safety-rehabilitation-and-compensation-act-1988-notice-under-subsection-97l-3-and-subsection-97m-7-0/important-cases","documents":"/api/acts/safety-rehabilitation-and-compensation-act-1988-notice-under-subsection-97l-3-and-subsection-97m-7-0/documents"}}