{"id":"F2016L00464","name":"Safety, Rehabilitation and Compensation (Rate of Interest Payable – s26(3)) Notice 2016","slug":"safety-rehabilitation-and-compensation-rate-of-interest-payable-s26-3-notice-2016","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":129062,"registerId":"commonwealth-F2016L00464-current","compilationNumber":null,"startDate":"2026-04-03","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Safety, Rehabilitation and Compensation (Rate of Interest Payable – s26(3)) Notice 2016","content":"![](image.001.png)\n\nSafety, Rehabilitation and Compensation (Rate of Interest Payable – s26(3)) Notice 2016\n\nSafety, Rehabilitation and Compensation Act 1988\n\nI, MICHAELIA CASH, Minister for Employment, make this instrument under the Safety, Rehabilitation and Compensation Act 1988.\n\nDated 30 March 2016\n\nMICHAELIA CASH\n\nMinister for Employment\n\n1 Name of Instrument\n\nThis instrument is the Safety, Rehabilitation and Compensation (Rate of Interest Payable – s26(3)) Notice 2016\n\n2 Authority\n\nThis instrument is made under subsection 26(3) of the Safety, Rehabilitation and Compensation Act 1988 (the Act).\n\n3 Commencement\n\nThis instrument commences on 1 April 2016.\n\n4 Rate of interest payable under subsection 26(3)\n\nThe rate of interest payable under subsection 26(3) of the Act is specified to be 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\n5 Repeal\n\nThe Safety, Rehabilitation and Compensation (Rate of Interest Payable) Notice 2005 (1) (F2005L04063) is repealed.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1925},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The instrument performs exactly the technical function described in its title—setting the interest rate under section 26(3) of the SRC Act—and does not expand beyond this specific purpose."},"complexity_factors":["Only 5 sections with a single operative provision setting the rate","No cross-references to other legislation beyond the enabling Act","No conditional logic, exceptions, or defined terms section","Straightforward repeal of the previous instrument"],"plain_english_summary":"This instrument sets the interest rate payable on late workers’ compensation payments under the Safety, Rehabilitation and Compensation Act 1988, affecting injured federal employees and Comcare/self‑insured federal employers responsible for overdue payments.\n\nThe rate is the weighted average yield of 90‑day bank‑accepted bills (an RBA money‑market benchmark) and replaces the outdated 2005 notice to align the statutory rate with current market conditions."}},"importantCases":[],"_links":{"self":"/api/acts/safety-rehabilitation-and-compensation-rate-of-interest-payable-s26-3-notice-2016","history":"/api/acts/safety-rehabilitation-and-compensation-rate-of-interest-payable-s26-3-notice-2016/history","analysis":"/api/acts/safety-rehabilitation-and-compensation-rate-of-interest-payable-s26-3-notice-2016/analysis","conflicts":"/api/acts/safety-rehabilitation-and-compensation-rate-of-interest-payable-s26-3-notice-2016/conflicts","importantCases":"/api/acts/safety-rehabilitation-and-compensation-rate-of-interest-payable-s26-3-notice-2016/important-cases","documents":"/api/acts/safety-rehabilitation-and-compensation-rate-of-interest-payable-s26-3-notice-2016/documents"}}