{"id":"F2007L01142","name":"Safety, Rehabilitation and Compensation (Weekly Interest on the Lump Sum) Notice 2007 (2)","slug":"safety-rehabilitation-and-compensation-weekly-interest-on-the-lump-sum-notice-2007-2","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":65180,"registerId":"commonwealth-F2007L01142-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Safety, Rehabilitation and Compensation (Weekly Interest on the Lump Sum) Notice 2007 (2)","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\nmeta-generator: Aspose.Words for .NET 20.2\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\n \n\n \n\n![](image.001.png)\n\n \n\nSafety, Rehabilitation and Compensation (Weekly Interest on the Lump Sum) Notice 2007 (2)\n\n \n\nNotice No. 2 of 2007\n\nI, JOE HOCKEY, Minister for Employment and Workplace Relations, make this Notice under subsection 21(5) of the Safety, Rehabilitation and Compensation Act 1988.\n\nDated 20 April 2007.\n\n \n\n \n\nJOE HOCKEY\n\nMinister for Employment and Workplace Relations\n\n1                     Name of Notice\n\nThis Notice is the Safety, Rehabilitation and Compensation (Weekly Interest on the Lump Sum) Notice 2007(2).\n\n \n\n2                     Commencement and Cessation\n\nThis Notice commences on 1 July 2007 and ceases to have effect after 30 June 2008.\n\n \n\n3                     Specified Rate\n\nFor subsection 21(5) of the Safety, Rehabilitation and Compensation Act 1988, I specify the rate of weekly interest on the lump sum to be 5.72%.\n\n \n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1388},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The notice performs exactly the function intended by section 21(5) of the SRC Act: specifying the interest rate for a fixed period. There is no expansion beyond the original legislative purpose."},"complexity_factors":["Single operative provision containing only a percentage rate","No definitions or interpretation section","No conditional logic, exceptions, or cross-references within the instrument","Temporary effect limited to one financial year"],"plain_english_summary":"This notice sets the **interest rate** for delayed lump sum payments under the Commonwealth workers' compensation scheme.\n\n**What it does**\n*   Fixes the interest rate at **5.72% per annum** (calculated weekly) for lump sum compensation payments that are delayed.\n*   Applies to claims under the federal workers' compensation system (covering Australian Government employees and certain large companies licensed under the *Safety, Rehabilitation and Compensation Act 1988*).\n*   In effect for the financial year period **1 July 2007 to 30 June 2008**.\n\n**Why it matters**\nWhen an injured worker is entitled to a lump sum payment (for example, for permanent impairment) and there is a delay in payment, this rate determines the compensation they receive for the wait. This is a routine annual notice that updates the rate to reflect current economic conditions."}},"importantCases":[],"_links":{"self":"/api/acts/safety-rehabilitation-and-compensation-weekly-interest-on-the-lump-sum-notice-2007-2","history":"/api/acts/safety-rehabilitation-and-compensation-weekly-interest-on-the-lump-sum-notice-2007-2/history","analysis":"/api/acts/safety-rehabilitation-and-compensation-weekly-interest-on-the-lump-sum-notice-2007-2/analysis","conflicts":"/api/acts/safety-rehabilitation-and-compensation-weekly-interest-on-the-lump-sum-notice-2007-2/conflicts","importantCases":"/api/acts/safety-rehabilitation-and-compensation-weekly-interest-on-the-lump-sum-notice-2007-2/important-cases","documents":"/api/acts/safety-rehabilitation-and-compensation-weekly-interest-on-the-lump-sum-notice-2007-2/documents"}}