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Accident Compensation Act 2001

Transitional provisions relating to entitlements provided by Corporation (but not under Part 10) - Weekly compensation

371: Interest on late payments of weekly compensation

You could also call this:

“Extra money for late weekly payments”

If you are supposed to get weekly compensation payments and they are late, you might get some extra money called interest. This is to make up for the delay. However, there are some specific rules about when you can get this interest.

For payments that were supposed to be made between July 1, 1992 and June 30, 1999, there’s a special rule. If your payments were late during this time, you might still be able to get interest on them, even though the old law has been replaced.

There’s also a rule for payments that were supposed to be made between July 1, 1999 and April 1, 2002. If your payments were late during this time, you might be able to get interest on them too. This rule comes from an old law that isn’t used anymore, but it still applies for this specific time period.

These rules are quite complicated because they deal with changes in the law over time. The main thing to remember is that if your weekly compensation payments were late during these periods, you might be entitled to some extra money as interest.

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370: Cessation of weekly compensation under any former Act because of national superannuation qualification age, or

"Rules for stopping weekly payments when you reach retirement age"

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"A plan to help you get better after an accident stays the same as before"

Part 11 Transitional provisions relating to entitlements provided by Corporation (but not under Part 10)
Weekly compensation

371Interest on late payments of weekly compensation

  1. Despite section 339, section 72 of the Accident Rehabilitation and Compensation Insurance Act 1992 (as continued by section 458 of the Accident Insurance Act 1998) continues in effect to the extent that it requires payment of interest only in respect of calculations made under that Act for any period commencing on or after 1 July 1992 for which weekly compensation is payable.

  2. Despite section 339,—

  3. section 101 of the Accident Insurance Act 1998 continues in effect as if that section had not been repealed; but
    1. section 101 has effect to require the payment of interest only in respect of calculations made under that Act for the period 1 July 1999 to 1 April 2002.

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