{"id":"F2019L00296","name":"Seafarers Rehabilitation and Compensation (Specified Rate for Redemption of Compensation) Instrument 2019","slug":"seafarers-rehabilitation-and-compensation-specified-rate-for-redemption-of-compensation-instrument-2","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":439979,"registerId":"F2019L00296-fast-fetch-1775955790160","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Seafarers Rehabilitation and Compensation (Specified Rate for Redemption of Compensation) 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![](image.001.jpeg)\n\n \n\nSeafarers Rehabilitation and Compensation (Specified Rate for Redemption of Compensation) 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  Specification\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 (Specified Rate for Redemption of Compensation) 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 44(3) of the Seafarers Rehabilitation and Compensation Act 1992.\n\n4  Schedules\n\nEach instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.\n\n5  Specification\n\nFor the purposes of subsection 44(2) of the Seafarers Rehabilitation and Compensation Act 1992, the specified rate is 0.03.\n\n \n\nSchedule 1—Repeals\n\nSeafarers Rehabilitation and Compensation Act 1992 - Notice of Declarations and Specifications (25/05/1993)\n\n1  Item 2\n\nRepeal the item.\n\n \n","sortOrder":0}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"Unauthenticated. Configure AI_GATEWAY_API_KEY or use a provider module. Learn more: https://ai-sdk.dev/unauthenticated-ai-gateway","source":"analysis-cron"},"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":true,"description":"This instrument replaces the prior specification by setting the specified rate for redemption of compensation at 0.03 (section 5) and repeals the earlier 1993 Notice (Schedule 1, Item 1). The scope change is limited and technical: it updates the numerical rate used under subsection 44(2) of the Seafarers Rehabilitation and Compensation Act 1992 and removes the earlier instrument that previously declared or specified the rate."},"complexity_factors":["Single numeric parameter (specified rate = 0.03) — minimal substantive change (section 5).","Direct delegation to Minister under statutory power (subsection 44(3)) — requires cross-reference to the parent Act to see broader effects (section 3).","Repeal of an earlier instrument (1993 notice) in Schedule 1 — requires checking historical instrument to compare prior rate.","Short commencement and formal provisions; no procedural or calculation rules included (sections 1–2, 4).","Operational impact depends on definitions and calculation mechanisms in the Seafarers Rehabilitation and Compensation Act 1992 (external dependency)."],"plain_english_summary":"This instrument sets the specified rate used for redemption of compensation under the Seafarers Rehabilitation and Compensation Act 1992 to 0.03 (section 5). It is made by the Minister under subsection 44(3) and commences the day after registration (sections 3 and 2).\n\nIt affects parties who calculate or redeem seafarers’ compensation by changing the numeric factor used in those calculations and repeals a 1993 notice (Schedule 1). This alters the monetary conversion applied when compensation is redeemed."},"kimi_summary":{"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The instrument performs exactly the narrow technical function intended by its enabling Act: setting a single numerical rate for actuarial calculations. It has not expanded beyond this purpose."},"complexity_factors":["Extremely short: only 5 operative sections plus a schedule with 1 item","No defined terms section","No cross-references to other legislation beyond the enabling Act citation","Single mathematical specification (0.03) with no conditions or exceptions","Straightforward repeal of one previous instrument"],"plain_english_summary":"This instrument sets the interest rate at 3% (0.03) for calculating lump‑sum buyouts of future weekly compensation under the Seafarers Rehabilitation and Compensation Act 1992. It affects injured seafarers, their employers and insurers, and Comcare, because the chosen rate directly changes how large a one‑off settlement will be compared with ongoing weekly payments."}},"importantCases":[],"_links":{"self":"/api/acts/seafarers-rehabilitation-and-compensation-specified-rate-for-redemption-of-compensation-instrument-2","history":"/api/acts/seafarers-rehabilitation-and-compensation-specified-rate-for-redemption-of-compensation-instrument-2/history","analysis":"/api/acts/seafarers-rehabilitation-and-compensation-specified-rate-for-redemption-of-compensation-instrument-2/analysis","conflicts":"/api/acts/seafarers-rehabilitation-and-compensation-specified-rate-for-redemption-of-compensation-instrument-2/conflicts","importantCases":"/api/acts/seafarers-rehabilitation-and-compensation-specified-rate-for-redemption-of-compensation-instrument-2/important-cases","documents":"/api/acts/seafarers-rehabilitation-and-compensation-specified-rate-for-redemption-of-compensation-instrument-2/documents"}}