Interest Rate for Defence-Related Claims Compensation
Summary
The Australian Department of Veterans' Affairs has issued a new instrument establishing the interest rate for defence-related claims compensation. This rule, effective March 27, 2026, is authorized by the Safety, Rehabilitation and Compensation (Defence-related Claims) Act 1988.
What changed
This legislative instrument establishes the specific interest rate applicable to compensation payments for permanent impairment claims related to defence service. It is administered by the Department of Veterans' Affairs and authorized under the Safety, Rehabilitation and Compensation (Defence-related Claims) Act 1988.
The instrument, effective March 27, 2026, provides clarity on the financial terms for claimants. Compliance officers should note the effective date for any internal policy updates or system adjustments related to calculating interest on these compensation payments.
What to do next
- Review the established interest rate for defence-related claims compensation.
- Update internal systems and policies to reflect the new interest rate effective March 27, 2026.
Source document (simplified)
- Interactions
Safety, Rehabilitation and Compensation (Defence-related Claims) (Rate of Interest—Permanent Impairment Compensation) Instrument 2026
In force Administered by
- Department of Veterans' Affairs
This item is authorised by the following title:
- Safety, Rehabilitation and Compensation (Defence-related Claims) Act 1988 Latest version F2026L00377 27 March 2026
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