South Australian Numbered Regulations South Australian Numbered Regulations35—Compensation payable on death (sections 59, 61 and 62 of Act)
(1) For the purposes of section 59(15) of the Act, the prescribed rate of discount that is to be applied to the capitalised value of weekly payments under section 59 is 3%.
(2) For the purposes of section 61(11) of the Act, the prescribed rate of interest on an amount of compensation payable under that section will be the prime bank rate for the financial year in which the compensation is paid.
(3) For the purposes of section 62(1) of the Act, the prescribed amount that may be payable in relation to a funeral benefit is $10 172 (indexed).