Interest rates
Schedule 2 Interest rates
Part 2.1 Interest up to judgment
(see r 51, r 304, r 1104, r 1120 and r 1616)
Table 2.1 Interest up to judgment—Supreme Court
column 1
item
column 2
period
column 3
rate of interest
% per year
1
1 January 1974 to 31 December 1980
10.00
2
1 January 1981 to 31 December 1985
14.00
3
1 January 1986 to 31 December 1987
18.00
4
1 January 1988 to 31 December 1989
16.00
5
1 January 1990 to 30 June 1990
21.00
6
1 July 1990 to 31 December 1990
18.00
7
1 January 1991 to 30 June 1991
16.00
8
1 July 1991 to 30 June 1993
15.00
9
1 July 1993 to 30 April 2001
10.00
10
1 May 2001 to 9 January 2005
9.00
11
10 January 2005 to 30 June 2010
9.00
2.1 Interest up to judgment after 30 June 2010—Supreme Court
For the Supreme Court, the rate of interest up to judgment for a period after 30 June 2010 is—
for the period from 1 July to 31 December in a year—the rate that is 4% above the cash rate last published by the Reserve Bank of Australia before the start of the period; and
for the period from 1 January to 30 June in a year—the rate that is 4% above the cash rate last published by the Reserve Bank of Australia before the start of the period.
Table 2.2 Interest up to judgment—Magistrates Court
column 1
item
column 2
period
column 3
rate of interest
% per year
1
any period before 1 July 1981
13.375
2
1 July 1981 to 30 June 1982
15.00
3
1 July 1982 to 31 December 1982
17.50
4
1 January 1983 to 31 December 1983
15.50
5
1 January 1984 to 30 June 1984
12.375
6
1 July 1984 to 31 December 1984
14.75
7
1 January 1985 to 30 June 1985
13.75
8
1 July 1985 to 31 December 1985
17.25
9
1 January 1986 to 30 June 1986
20.625
10
1 July 1986 to 31 December 1986
18.125
11
1 January 1987 to 30 June 1987
19.25
12
1 July 1987 to 29 February 1988
18.75
13
1 March 1988 to 28 February 1989
16.125
14
1 March 1989 to 31 August 1989
17.875
15
1 September 1989 to 14 January 1991
20.75
16
15 January 1991 to 14 July 1991
17.50
17
15 July 1991 to 14 January 1992
15.75
18
15 January 1992 to 14 July 1992
13.75
19
15 July 1992 to 14 January 1993
11.50
20
15 January 1993 to 31 January 1994
10.00
21
1 February 1994 to 31 July 1995
9.00
22
1 August 1995 to 31 March 1997
10.75
23
1 April 1997 to 30 April 1998
9.55
24
1 May 1998 to 9 January 2005
8.45
25
10 January 2005 to 30 June 2010
9.00
2.2 Interest up to judgment after 30 June 2010—Magistrates Court
For the Magistrates Court, the rate of interest up to judgment for a period after 30 June 2010 is—
for the period from 1 July to 31 December in a year—the rate that is 4% above the cash rate last published by the Reserve Bank of Australia before the start of the period; and
for the period from 1 January to 30 June in a year—the rate that is 4% above the cash rate last published by the Reserve Bank of Australia before the start of the period.
Part 2.2 Interest after judgment
(see r 1619 and r 1620)
Table 2.3 Interest after judgment—Supreme Court
column 1
item
column 2
period and case (if any)
column 3
rate of interest
% per year
1
any period ending before 1 May 1986:
if judgment was entered before 1 October 1977
if judgment was entered on or after 1 October 1977
5.00
10.00
2
1 May 1986 to 30 June 1990
15.00
3
1 July 1990 to 31 December 1991
20.00
4
1 January 1992 to 30 June 1993
15.00
5
1 July 1993 to 30 April 2001
12.00
6
1 May 2001 to 9 January 2005
11.00
7
10 January 2005 to 30 June 2010
11.00
2.3 Interest on judgment after 30 June 2010—Supreme Court
For the Supreme Court, the rate of interest on judgment for a period after 30 June 2010 is—
for the period from 1 July to 31 December in a year—the rate that is 6% above the cash rate last published by the Reserve Bank of Australia before the start of the period; and
for the period from 1 January to 30 June in a year—the rate that is 6% above the cash rate last published by the Reserve Bank of Australia before the start of the period.
Table 2.4 Interest after judgment—Magistrates Court
column 1
item
column 2
period and case (if any)
column 3
rate of interest
% per year
1
any period ending before 1 May 1986:
if judgment was entered before 1 October 1977
if judgment was entered on or after 1 October 1977
5.00
10.00
2
1 May 1986 to 30 June 1990
15.00
3
1 July 1990 to 31 December 1991
20.00
4
1 January 1992 to 30 June 1993
15.00
5
1 July 1993 to 9 April 1995
12.00
6
10 April 1995 to 31 July 1995
9.00
7
1 August 1995 to 31 March 1997
10.75
8
1 April 1997 to 30 April 1998
9.55
9
1 May 1998 to 9 January 2005
8.45
10
10 January 2005 to 30 June 2010
11.00
2.4 Interest on judgment after 30 June 2010—Magistrates Court
For the Magistrates Court, the rate of interest on judgment for a period after 30 June 2010 is—
for the period from 1 July to 31 December in a year—the rate that is 6% above the cash rate last published by the Reserve Bank of Australia before the start of the period; and
for the period from 1 January to 30 June in a year—the rate that is 6% above the cash rate last published by the Reserve Bank of Australia before the start of the period.
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