{"id":"F2015L00855","name":"Safety, Rehabilitation and Compensation (Weekly Interest on the Lump Sum) Notice 2015","slug":"safety-rehabilitation-and-compensation-weekly-interest-on-the-lump-sum-notice-2015","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":128795,"registerId":"commonwealth-F2015L00855-current","compilationNumber":null,"startDate":"2026-04-03","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Safety, Rehabilitation and Compensation (Weekly Interest on the Lump Sum) Notice 2015","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\nSafety, Rehabilitation and Compensation (Weekly Interest on the Lump Sum) Notice 2015\n\n \n\n \n\nI, CHRISTOPHER PYNE, Acting Minister for Employment, make this Notice under subsection 21(5) of the Safety, Rehabilitation and Compensation Act 1988.\n\n \n\nDated 4 June 2015\n\n \n\nChristopher Pyne\n\n \n\nChristopher Pyne\n\n \n\nActing Minister for Employment\n\n \n\n \n\n \n\n \n\n1. Name of Notice\n\nThis Notice is the Safety, Rehabilitation and Compensation (Weekly Interest on the Lump Sum) Notice 2015.\n\n \n\n2. Commencement\n\n This Notice commences on the later of:\n\n (a) 1 July 2015; or\n\n (b) the day after it is registered on the Federal Register of Legislative Instruments.\n\n \n\n3. Cessation\n\n This Notice ceases to have effect after 30 June 2016.\n\n \n\n4. Specification\n\nFor subsection 21(5) of the Safety, Rehabilitation and Compensation Act 1988, I specify that the rate of ‘weekly interest on the lump sum’ is 3.26 per cent.\n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1624},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The instrument performs precisely the function described in its title and enabling provision—setting a specific interest rate for a defined period. There is no expansion beyond the original statutory purpose."},"complexity_factors":["Single operative provision specifying one percentage rate (3.26%)","No defined terms or interpretive sections","Automatic sunset clause with fixed cessation date (30 June 2016)","Minimal cross-referencing (only to subsection 21(5) of the enabling Act)"],"plain_english_summary":"**What it does:** This notice sets the interest rate for calculating **'weekly interest on the lump sum'** under the Commonwealth workers' compensation scheme (the Comcare scheme). This interest applies when an injured worker is owed a lump sum compensation payment but receives it gradually in weekly instalments rather than upfront.\n\n**The rate:** It specifies the interest rate is **3.26 per cent** per annum.\n\n**Who it affects:** Injured workers receiving lump sum compensation payments in weekly chunks, and the government agency (Comcare) responsible for making these payments.\n\n**Why it matters:** It ensures workers are fairly compensated for the delay in receiving their full entitlement—essentially earning interest on the portion of the lump sum they are owed but haven't yet been paid.\n\n**Duration:** This was a temporary measure that applied from 1 July 2015 until 30 June 2016."}},"importantCases":[],"_links":{"self":"/api/acts/safety-rehabilitation-and-compensation-weekly-interest-on-the-lump-sum-notice-2015","history":"/api/acts/safety-rehabilitation-and-compensation-weekly-interest-on-the-lump-sum-notice-2015/history","analysis":"/api/acts/safety-rehabilitation-and-compensation-weekly-interest-on-the-lump-sum-notice-2015/analysis","conflicts":"/api/acts/safety-rehabilitation-and-compensation-weekly-interest-on-the-lump-sum-notice-2015/conflicts","importantCases":"/api/acts/safety-rehabilitation-and-compensation-weekly-interest-on-the-lump-sum-notice-2015/important-cases","documents":"/api/acts/safety-rehabilitation-and-compensation-weekly-interest-on-the-lump-sum-notice-2015/documents"}}