{"id":"F2005L04063","name":"Safety, Rehabilitation and Compensation (Rate of Interest Payable) Notice 2005 (1)","slug":"safety-rehabilitation-and-compensation-rate-of-interest-payable-notice-2005-1","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":39989,"registerId":"commonwealth-F2005L04063-current","compilationNumber":null,"startDate":"2026-04-01","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Safety, Rehabilitation and Compensation (Rate of Interest Payable) Notice 2005 (1)","content":"![](image.001.png)\n\nSafety, Rehabilitation and Compensation (Rate of Interest Payable) Notice 2005 (1)\n\nNotice No. 1 of 2005.\n\nI, KEVIN JAMES ANDREWS, Minister for Employment and Workplace Relations, make this Notice under subsection 26(3) of the Safety, Rehabilitation and Compensation Act 1988.\n\nDated 2nd December 2005\n\nKEVIN ANDREWS\n\nMinister for Employment and Workplace Relations\n\n1 Name of Notice\n\nThis Notice is the Safety, Rehabilitation and Compensation (Rate of Interest Payable) Notice 2005 (1).\n\n2 Commencement\n\nThis Notice commences on registration on the Federal Register of Legislative Instruments (FRLI).\n\n3 Declaration\n\nFor subsection 26(3) of the Safety, Rehabilitation and Compensation Act 1988 (the Act), I declare that the rate of interest payable 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.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1425},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"This notice performs exactly the function described in its title and enabling provision—setting the interest rate payable under the SRC Act without expansion beyond that specific purpose."},"complexity_factors":["Single operative provision (section 3)","No defined terms or interpretation section","Straightforward mathematical formula referencing an external standard (RBA published rate)","No conditional logic, exceptions, or cross-references to other legislative provisions"],"plain_english_summary":"This Notice sets the interest rate for payments under the Safety, Rehabilitation and Compensation Act 1988 by specifying the weighted‑average yield of 90‑day bank‑accepted bills published by the Reserve Bank of Australia, affecting Commonwealth employees, Comcare‑covered employers, and the Commonwealth when interest is payable.  \n\nLinking the rate to the RBA bank‑bill yield ties compensation interest to current market conditions, determining how much interest accumulates on delayed payments or lump‑sum calculations."}},"importantCases":[],"_links":{"self":"/api/acts/safety-rehabilitation-and-compensation-rate-of-interest-payable-notice-2005-1","history":"/api/acts/safety-rehabilitation-and-compensation-rate-of-interest-payable-notice-2005-1/history","analysis":"/api/acts/safety-rehabilitation-and-compensation-rate-of-interest-payable-notice-2005-1/analysis","conflicts":"/api/acts/safety-rehabilitation-and-compensation-rate-of-interest-payable-notice-2005-1/conflicts","importantCases":"/api/acts/safety-rehabilitation-and-compensation-rate-of-interest-payable-notice-2005-1/important-cases","documents":"/api/acts/safety-rehabilitation-and-compensation-rate-of-interest-payable-notice-2005-1/documents"}}