{"id":"F2018L01629","name":"Veterans’ Entitlements (Pension Loans Scheme—Rate of Compound Interest) Determination 2018","slug":"veterans-entitlements-pension-loans-scheme-rate-of-compound-interest-determination-2018","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":439849,"registerId":"F2018L01629-fast-fetch-1775955714964","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Veterans’ Entitlements (Pension Loans Scheme—Rate of Compound Interest) Determination 2018","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\nVeterans’ Entitlements (Pension Loans Scheme—Rate of Compound Interest) Determination 2018\n\nI, Paul Fletcher, Minister for Families and Social Services, make the following Determination.\n\nDated 25 November 2018\n\nPaul Fletcher\n\nMinister for Families and Social Services\n\n \n\n \n\n \n\nContents\n\n1  Name\n\n2  Commencement\n\n3  Authority\n\n4  Schedules\n\n5  Rate of compound interest\n\nSchedule 1—Repeals\n\nPension Loans Scheme (Veterans’ Entitlements)—Rate of Compound Interest Determination No. 2 of 1997\n\n \n\n \n\n1  Name\n\n  This instrument is the Veterans’ Entitlements (Pension Loans Scheme—Rate of Compound Interest) Determination 2018.\n\n2  Commencement\n\n  This instrument commences on the day after it is registered.\n\n3  Authority\n\n  This instrument is made under subsection 52ZC(4) of the Veterans’ Entitlements Act 1986.\n\n4  Schedules\n\n  Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.\n\n5  Rate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 compound interest\n\n  For the purposes of subsection 52ZC(4) of the Veterans’ Entitlements Act 1986, the rate of compound interest is 5.25 per cent per annum.\n\n\n\n\nSchedule 1—Repeals\n\nPension Loans Scheme (Veterans’ Entitlements)—Rate of Compound Interest Determination No. 2 of 1997\n\n1  The whole of the instrument\n\nRepeal the instrument.\n\n \n\n \n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":2367},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The instrument maintains its narrow, specific purpose of setting the compound interest rate for the Pension Loans Scheme as authorised by subsection 52ZC(4) of the Veterans' Entitlements Act 1986. It does not expand beyond this administrative rate-setting function."},"complexity_factors":["Single operative provision containing only a numerical value (5.25%)","No defined terms, interpretation section, or glossary","No conditional logic, exceptions, or nested provisions","Straightforward repeal of one previous instrument without transitional provisions","Total length of only 6 short sections/pages"],"plain_english_summary":"This instrument sets the compound interest rate on Pension Loans Scheme advances at 5.25% per annum, replacing the 1997 determination. It affects veterans (and their partners) who borrow against future pension entitlements using their property, and matters because the 5.25% compound rate determines how rapidly the secured debt grows and is recovered from estates."}},"importantCases":[],"_links":{"self":"/api/acts/veterans-entitlements-pension-loans-scheme-rate-of-compound-interest-determination-2018","history":"/api/acts/veterans-entitlements-pension-loans-scheme-rate-of-compound-interest-determination-2018/history","analysis":"/api/acts/veterans-entitlements-pension-loans-scheme-rate-of-compound-interest-determination-2018/analysis","conflicts":"/api/acts/veterans-entitlements-pension-loans-scheme-rate-of-compound-interest-determination-2018/conflicts","importantCases":"/api/acts/veterans-entitlements-pension-loans-scheme-rate-of-compound-interest-determination-2018/important-cases","documents":"/api/acts/veterans-entitlements-pension-loans-scheme-rate-of-compound-interest-determination-2018/documents"}}