Interest Rates
- Standard contract default rate*
- 11.45% (Effective from 1 July 2010)
- Family Court – Interest on money ordered to be paid other than maintenance of a periodic sum for rule 17.03 of the Family Court Rules 2004
- 9.50% (from 1 July 2010 to 30 June 2011)
- 8.00% (from 1 July 2009 to 30 June 2010)
- 12.25% (from 1 July 2008 to 30 June 2009)
- Federal Court
- Interest on judgement debt 10.5%
- Supreme, District & Magistrates Courts
- Interest on judgements by default 10%
Interest on debts under judgements or orders 10%
(rates for debts prior to judgement at the court's discretion) - Court Suitors fund
- 3.84% (effective 1 July 2010 to 30 September 2010)
- 3.42% (effective 1 April 2010 to 30 June 2010)
- 3.11% (effective 1 January 2010 to 31 March 2010)
- Cash Rate Target
- see http://www.rba.gov.au/statistics/cash-rate.html **
(Please direct any queries regarding interest rates to interestrates@qls.com.au)
*Historical Interest Rates
- June 1, 2010
- 11.20%
- May 1, 2010
- 10.95%
- February 1, 2010
- 10.70%
- December 1, 2009
- 10.15%
- June 1, 2009
- 9.90%
- May 1, 2009
- 10.05%
- April 1, 2009
- 10.1%
- March 1, 2009
- 11.1%
- February 1, 2009
- 11.15%
- November 26, 2008
- 12.15%
- October 13, 2008
- 13.21%
- July 17, 2008
- 14.01%
- April 2, 2008
- 13.77%
- March 13, 2008
- 13.57%
- February 8, 2008
- 13.1%
- February 2008
- 12.85%
- December 2007
- 12.5%
- November 2007
- 12.25%
- October 2007
- 12.25%
- September 2007
- 12.25%
- August 2007
- 12%
- July 2007
- 12%
- June 2007
- 12%
- May 2007
- 12%
- April 2007
- 12%
- March 2007
- 12%
- February 2007
- 12%
- December 2006
- 12%
- November 2006
- 11.75%
- October 2006
- 11.75%
- September 2006
- 11.75%
- August 2006
- 11.5%
- July 2006
- 11.5%
- June 2006
- 11.5%
- May 2006
- 11.25%
- April 2006
- 11.25%
- March 2006
- 11.25%
- February 2006
- 11.25%
- December 2005
- 11.25%
- November 2005
- 11.25%
- October 2005
- 11.25%
- September 2005
- 11.25%
- August 2005
- 11.25%
- July 2005
- 11.25%
- June 2005
- 11.25%
- May 2005
- 11.25%
- April 2005
- 11.25%
- March 2005
- 11%
- February 2005
- 11%
**A law practice must ensure that it is entitled to charge interest on outstanding legal costs and if such interest is to be calculated by reference to the Cash Rate Target, the practice must ensure it ascertains the relevant Cash Rate Target applicable to the particular case in question.
