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This instrument is the Safety, Rehabilitation and Compensation (Rate of Interest Payable – s26(3)) Notice 2026.
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Commonwealth legislation
This instrument sets the interest rate that applies under subsection 26(3) of the Safety, Rehabilitation and Compensation Act 1998. It specifies the rate as the Reserve Bank of Australia's published weighted average yield of 90‑day bank‑accepted bills settled immediately before the last day of the 30‑day settlement period, and repeals the 2016 notice.
It affects parties required by s26(3) to pay or receive interest by making the rate a mechanical, RBA‑published benchmark. That reduces discretion in rate‑setting but requires users to apply the RBA figure and the specified settlement timing.
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Direct links to the current provisions in Safety, Rehabilitation and Compensation (Rate of Interest Payable – s26(3)) Notice 2026.
This instrument is the Safety, Rehabilitation and Compensation (Rate of Interest Payable – s26(3)) Notice 2026.
This instrument commences on 1 April 2026.
This instrument is made under subsection 26(3) of the Safety, Rehabilitation and Compensation Act 1998.
The rate of interest payable under subsection 26(3) of the Act is specified to be 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.
Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.
Schedule 1—Repeals
Safety, Rehabilitation and Compensation (Rate of Interest Payable – s26(3)) Notice 2016
1 The whole of the instrument
Repeal the instrument.
Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.
This instrument is the Safety, Rehabilitation and Compensation (Rate of Interest Payable – s26(3)) Notice 2026.
This instrument commences on 1 April 2026.
This instrument is made under subsection 26(3) of the Safety, Rehabilitation and Compensation Act 1998.
The rate of interest payable under subsection 26(3) of the Act is specified to be 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.
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.
Schedule 1—Repeals
Safety, Rehabilitation and Compensation (Rate of Interest Payable – s26(3)) Notice 2016
1 The whole of the instrument
Repeal the instrument.