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This instrument is the Safety, Rehabilitation and Compensation (Defence-related Claims) (Rate of Interest—Permanent Impairment Compensation) Instrument 2026.
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Commonwealth legislation
This instrument fixes the interest rate applied to delayed payments of permanent impairment compensation under the Safety, Rehabilitation and Compensation (Defence-related Claims) Act 1988. It affects claimants entitled to those payments and the government agency required to pay them.
The rate is the weighted-average yield of 90-day bank-accepted bills published by the Reserve Bank of Australia, measured just before the end of the 30-day settlement period; the instrument also repeals a prior notice insofar as it applied under the Act (s6).
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Direct links to the current provisions in Safety, Rehabilitation and Compensation (Defence-related Claims) (Rate of Interest—Permanent Impairment Compensation) Instrument 2026.
This instrument is the Safety, Rehabilitation and Compensation (Defence-related Claims) (Rate of Interest—Permanent Impairment Compensation) Instrument 2026.
This instrument commences at the same time as the Safety, Rehabilitation and Compensation (Rate of Interest Payable – s26(3)) Notice 2026.
This instrument is made under subsection 26(3) of the Act.
The Safety, Rehabilitation and Compensation (Rate of Interest Payable – s26(3)) Notice 2016 is repealed to the extent that it is taken to have been made under the Act because of item 63 of Schedule 1 of the Safety, Rehabilitation and Compensation Legislation Amendment (Defence Force) Act 2017.
In this instrument:
Act means the Safety, Rehabilitation and Compensation (Defence-related Claims) Act 1988.
(1) For subsection 26(3) of the Act, the rate of interest is the weighted average yield of 90 day bank-accepted bills, as published by the Reserve Bank of Australia, settled immediately prior to the last day of the thirty day settlement period.
Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.
This instrument is the Safety, Rehabilitation and Compensation (Defence-related Claims) (Rate of Interest—Permanent Impairment Compensation) Instrument 2026.
This instrument commences at the same time as the Safety, Rehabilitation and Compensation (Rate of Interest Payable – s26(3)) Notice 2026.
This instrument is made under subsection 26(3) of the Act.
The Safety, Rehabilitation and Compensation (Rate of Interest Payable – s26(3)) Notice 2016 is repealed to the extent that it is taken to have been made under the Act because of item 63 of Schedule 1 of the Safety, Rehabilitation and Compensation Legislation Amendment (Defence Force) Act 2017.
In this instrument:
Act means the Safety, Rehabilitation and Compensation (Defence-related Claims) Act 1988.
(1) For subsection 26(3) of the Act, the rate of interest is the weighted average yield of 90 day bank-accepted bills, as published by the Reserve Bank of Australia, settled immediately prior to the last day of the thirty day settlement period.