SRCA and Defence Act payments 1 July 2014

Old rate

New Rate

Difference

SRCA and Defence Act payments

20/03/2014

01/07/2014

SRCA Table 1

Lump Sums

Indexation of normal weekly earnings (wage price index)

3.50%

2.60%

N/A

Maximum death lump sum - 17(3)

$492,145.52

$504,449.16

$12,303.64

Maximum death lump sum - 17(4)

$492,145.52

$504,449.16

$12,303.64

Funeral expenses reimbursement limit - 18(2)

$10,971.47

$11,267.70

$296.23

Maximum lump sum permanent impairment

$172,314.33

$176,966.82

$4,652.49

Maximum lump sum impairment component - NEL A

$32,308.96

$33,181.30

$872.34

Maximum lump sum non-economic loss component - NEL B

$32,308.96

$33,181.30

$872.34

Weekly

Death - dependent child - 17(5)

$135.34

$138.72

$3.38

Incapacity - minimum earnings - 19(7)

$435.09

$446.84

$11.75

Incapacity - prescribed person - 19(8)

$107.74

$110.65

$2.91

Incapacity - dependent child - 19(9)

$53.83

$55.28

$1.45

Maximum household services

$430.77

$442.40

$11.63

Maxmium attendant care service

$430.77

$442.40

$11.63

Redemption eligibility ceiling - 30(1)

$107.74

$110.65

$2.91

Redemption eligibility ceiling - 137(1)

$107.74

$110.65

$2.91

SRCA Table 2

Per kilometre

Specified rate per kilometre

$0.60

$0.60

$0.00

SRCA Table 3

Weekly

150% AWOTEFA

$2,156.55

$2,156.55

$0.00

Effective date

20/02/2014

N/A

N/A

SRCA Table 4

Superannuation amount - CPI only

1.60%

1.30%

N/A

Superannuation amount - CPI PBLCI MTAWE

1.50%

N/A

SRCA Table 5

Interest

Specified weekly interest on lump sums

3.24%

3.86%

N/A

SRCA supplement

 $              6.20

 $              6.20

 $               - 

Defence Act payments

Lump Sums

Additional death benefit lump sum limit

$54,333.55

$55,691.88

$1,358.33

Addition to maximum SRCA permanent impairment payment used to calculate severe injury adjustment

$73,653.52

$75,642.17

$1,988.65

Dependent child benefit lump sum limit

$79,861.64

$81,858.18

$1,996.54

Financial advice lump sum limit

$1,553.01

$1,594.94

$41.93