{"id":"F2017L00698","name":"Safety, Rehabilitation and Compensation (Weekly Interest on the Lump Sum) Notice 2017","slug":"safety-rehabilitation-and-compensation-weekly-interest-on-the-lump-sum-notice-2017","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":96515,"registerId":"commonwealth-F2017L00698-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Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Safety, Rehabilitation and Compensation (Weekly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 2017","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![](image.001.jpeg)\n\n \n\nSafety, Rehabilitation and Compensation   (Weekly Interest on the Lump Sum) Notice 2017\n\n \n\n \n\n \n\nI, MICHAELIA CASH, Minister for Employment, make the following Notice.\n\nDated 14 June 2017   \n\nMichaelia Cash\n\nMinister for Employment\n\n1  Name\n\n  This instrument is the Safety, Rehabilitation and Compensation (Weekly Interest on the Lump Sum) Notice 2017.\n\n2  Commencement\n\n  This instrument commences on 1 July 2017.\n\n3  Repeal\n\n  This instrument is repealed at the start of 1 July 2018.\n\n4  Authority\n\n  This instrument is made under subsection 21(5) of the Safety, Rehabilitation and Compensation Act 1988 (‘the Act’).\n\n5  Specified rate\n\nFor the purposes of the definition of weekly interest on the lump sum in   subsections 21(3) and 21A(3) of the Act, the rate of 2.37 per cent per annum is specified.\n\n \n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":2444},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The Notice performs exactly the function authorized by subsection 21(5) of the Safety, Rehabilitation and Compensation Act 1988—specifying the interest rate for weekly interest calculations. There is no expansion beyond the statutory authority."},"complexity_factors":["Single operative provision specifying one fixed numerical value (2.37%)","No definitions, exceptions, or conditional logic within the instrument","Extremely short structure (only 5 sections)","Limited duration with automatic repeal provision (sunset clause)"],"plain_english_summary":"This Notice specifies an **interest rate of 2.37% per annum** used to calculate entitlements under the federal workers' compensation scheme (the *Safety, Rehabilitation and Compensation Act 1988*).\n\n**Who it affects**\n- Commonwealth government employees and workers in approved corporations covered by the Comcare scheme\n- Injured workers receiving lump sum payments for permanent impairment who elect to convert these to weekly payments\n\n**What it does**\n- Sets the rate for \"weekly interest on the lump sum\"—a calculation used when converting lump sum compensation into weekly instalments, or when determining interest on delayed lump sum payments\n- Applied for a limited period, operating from 1 July 2017 until its automatic repeal on 1 July 2018\n\n**Why it matters**\nThe rate determines how much extra money accrues when a lump sum is paid out over time as weekly benefits, protecting the value of the compensation against inflation and delay."}},"importantCases":[],"_links":{"self":"/api/acts/safety-rehabilitation-and-compensation-weekly-interest-on-the-lump-sum-notice-2017","history":"/api/acts/safety-rehabilitation-and-compensation-weekly-interest-on-the-lump-sum-notice-2017/history","analysis":"/api/acts/safety-rehabilitation-and-compensation-weekly-interest-on-the-lump-sum-notice-2017/analysis","conflicts":"/api/acts/safety-rehabilitation-and-compensation-weekly-interest-on-the-lump-sum-notice-2017/conflicts","importantCases":"/api/acts/safety-rehabilitation-and-compensation-weekly-interest-on-the-lump-sum-notice-2017/important-cases","documents":"/api/acts/safety-rehabilitation-and-compensation-weekly-interest-on-the-lump-sum-notice-2017/documents"}}