Safety, Rehabilitation and Compensation (Weekly Interest on the Lump Sum) Notice 2014 (Australia)

Safety, Rehabilitation and Compensation (Weekly Interest on the Lump Sum) Notice 2014

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Safety, Rehabilitation and Compensation (Weekly Interest on the Lump Sum) Notice 2014

I, ERIC ABETZ, Minister for Employment, make this Notice under subsection 21(5) of the Safety, Rehabilitation and Compensation Act 1988.

Dated            2nd June 2014

Eric Abetz

Eric Abetz

Minister for Employment

1.         Name of Notice
This Notice is the Safety, Rehabilitation and Compensation (Weekly Interest on the Lump Sum) Notice 2014.

2.         Commencement
            This Notice commences on the later of:
            (a)        1 July 2014; or
            (b)        the day after it is registered on the Federal Register of Legislative Instruments.

3.         Cessation
            This Notice ceases to have effect after 30 June 2015.

4.         Specification
For subsection 21(5) of the Safety, Rehabilitation and Compensation Act 1988, I specify that the rate of ‘weekly interest on the lump sum’ is 3.86 per cent.