{"id":"F2019L00297","name":"Seafarers Rehabilitation and Compensation (Rate of Interest Payable – s130(3)) Instrument 2019","slug":"seafarers-rehabilitation-and-compensation-rate-of-interest-payable-s130-3-instrument-2019","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":439978,"registerId":"F2019L00297-fast-fetch-1775955790159","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Seafarers Rehabilitation and Compensation (Rate of Interest Payable – s130(3)) Instrument 2019","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\n![Commonwealth Coat of Arms of Australia](image.001.jpeg)\n\n \n\nSeafarers Rehabilitation and Compensation (Rate of Interest Payable – s130(3)) Instrument 2019\n\nI, KELLY O’DWYER, Minister for Jobs and Industrial Relations, make the following instrument.\n\n \n\nDated  7 March 2019\n\nKELLY O’DWYER\n\nMinister for Jobs and Industrial Relations\n\n \n\n \n\n \n\nContents\n\n1  Name\n\n2  Commencement\n\n3  Authority\n\n4  Schedules\n\n5  Rate of interest payable under subsection 130(2)\n\nSchedule 1—Repeals\n\nSeafarers Rehabilitation and Compensation Act 1992 - Notice of Declarations and Specifications (25/05/1993)\n\n \n\n \n\n1  Name\n\n  This instrument is the Seafarers Rehabilitation and Compensation (Rate of Interest Payable – s130(3)) Instrument 2019.\n\n2  Commencement\n\n  This instrument commences on the day after it is registered on the Federal Register of Legislation.\n\n3  Authority\n\n  This instrument is made under subsection 130(3) of the Seafarers Rehabilitation and Compensation Act 1992.\n\n4  Schedules\n\n  Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.\n\n5  Rate of interest payable under subsection 130(2)\n\n  The rate of interest payable under subsection 130(2) of the Seafarers Rehabilitation and Compensation Act 1992 is specified to be five per cent per annum.\n\n\n\n\nSchedule 1—Repeals\n\nSeafarers Rehabilitation and Compensation Act 1992 - Notice of Declarations and Specifications (25/05/1993)\n\n1  Item 4\n\nRepeal the item.\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n","sortOrder":0}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"A positive credit balance is required for all requests, including BYOK, so fallback providers remain available. Add credits at https://vercel.com/d?to=%2F%5Bteam%5D%2F%7E%2Fai%3Fmodal%3Dtop-up to continue.","source":"analysis-cron"},"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":true,"description":"This instrument changes the prior specification of interest by expressly fixing the rate at 5% per annum under s130(2) (clause 5) and repeals Item 4 of the 1993 Notice (Schedule 1). The change is limited to the rate specification and removal of that earlier declared item; it does not amend substantive entitlement rules in the principal Act."},"complexity_factors":["Single substantive numeric specification: sets a fixed interest rate of 5% p.a. (clause 5).","Limited amendment scope: repeals a single item from a 1993 notice (Schedule 1, Item 1).","Clear statutory authority: made under s130(3) of the Seafarers Rehabilitation and Compensation Act 1992 (clause 3).","Straightforward commencement: takes effect on registration (clause 2).","No discretionary mechanisms, complex formulas, or multi-party administrative arrangements introduced."],"plain_english_summary":"This instrument sets the interest rate payable under subsection 130(2) of the Seafarers Rehabilitation and Compensation Act 1992 at 5% per annum (clause 5) and repeals Item 4 of a 1993 notice (Schedule 1). It is made by the Minister under subsection 130(3) (clause 3). It affects parties who are owed or must pay interest under s130(2): the instrument fixes the cost of overdue payments and replaces the prior declaration that previously specified interest details."},"kimi_summary":{"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The instrument maintains its original narrow purpose: setting the statutory interest rate for late compensation payments. The repeal of the 1993 notice is a routine housekeeping measure that updates rather than expands the scope."},"complexity_factors":["Extremely short: only 5 substantive sections plus a schedule with one repeal item","No defined terms section","Single operational provision (section 5) containing one clear directive","No cross-references to other legislation beyond the empowering provision (s130(3))","No conditional logic, exceptions, or nested provisions","Straightforward repeal of a single historical instrument"],"plain_english_summary":"This is a short legal instrument that sets the interest rate for late payments of workers' compensation to seafarers.\n\n**What it does:**\n- Sets the interest rate at **5% per year** for compensation payments that are made late under the Seafarers Rehabilitation and Compensation Act 1992.\n- Repeals (cancels) an old 1993 notice that previously set this rate.\n\n**Who it affects:**\n- **Seafarers** (sailors and maritime workers) who are owed compensation for workplace injuries or illnesses.\n- **Employers and insurers** who must pay this compensation, and who will owe interest if they pay late.\n\n**Why it matters:**\nIf a seafarer wins a compensation claim but the employer or insurer delays payment, this law guarantees the seafarer earns 5% interest per year on the unpaid amount until it's paid. This discourages late payments and ensures injured workers aren't financially disadvantaged by delays."}},"importantCases":[],"_links":{"self":"/api/acts/seafarers-rehabilitation-and-compensation-rate-of-interest-payable-s130-3-instrument-2019","history":"/api/acts/seafarers-rehabilitation-and-compensation-rate-of-interest-payable-s130-3-instrument-2019/history","analysis":"/api/acts/seafarers-rehabilitation-and-compensation-rate-of-interest-payable-s130-3-instrument-2019/analysis","conflicts":"/api/acts/seafarers-rehabilitation-and-compensation-rate-of-interest-payable-s130-3-instrument-2019/conflicts","importantCases":"/api/acts/seafarers-rehabilitation-and-compensation-rate-of-interest-payable-s130-3-instrument-2019/important-cases","documents":"/api/acts/seafarers-rehabilitation-and-compensation-rate-of-interest-payable-s130-3-instrument-2019/documents"}}