Pre- and Post-Interest Rates

Interest Schedule effective from 1 January 2017

Pre Judgment Interest - Table 2

Period Rate of Interest % per Year
   
1 January 1974 to 31 December 1980 10.00
1 January 1981 to 31 December 1985  14.00 
1 January 1986 to 31 December 1987  18.00
1 January 1988 to 31 December 1989  16.00
1 January 1990 to 30 June 1990  21.00 
1 July 1990 to 31 December 1990  18.00 
1 January 1991 to 30 June 1991  16.00 
1 July 1991 to 30 June 1993  15.00 
1 July 1993 to 30 April 2001  10.00 
1 May 2001 to 9 January 2005  9.00 
10 January 2005 to 30 June 2010  9.00 
1 July 2010 to 31 December 2010  8.50 
1 January 2011 to 30 June 2011  8.75 
1 July 2011 to 31 December 2011 8.75
1 January 2012 to 30 June 2012 8.25
1 July 2012 to 31 December 2012  7.50
1 January 2013 to 30 June 2013 7.00
1 July 2013 to 31 December 2013 6.75
1 January 2014 to 30 June 2014 6.50
1 July 2014 to 31 December 2014 6.50
1 January 2015 to 30 June 2015 6.50
1 July 2015 to 30 June 2016 6.00
1 July 2016 to 31 December 2016 5.75
1 January 2017 to 30 June 2017 5.50


Post Judgment Interest

Period and Case (if any) Rate of Interest % per Year
   
Any period ending before 1 May 1986:
(a) if judgment was entered before
1 October 1977
 5.00
(b) if judgment was entered on or
after 1 October 1997
 10.00
1 May 1986 to 30 June 1990 15.00
1 July 1990 to 31 December 1991 20.00
1 January 1992 to 30 June 1993 15.00
1 July 1993 to 30 April 2001 12.00
1 May 2001 to 9 January 2005 11.00
10 January 2005 to 30 June 2010 11.00
1 July 2010 to 31 December 2010 10.50
1 January 2011 to 30 June 2011 10.75
1 July 2011 to 31 December 2011 10.75
1 January 2012 to 30 June 2012 10.25
1 July 2012 to 31 December 2012  9.50
1 January 2013 to 30 June 2013 9.00
1 July 2013 to 31 December 2013 8.75
1 January 2014 to 30 June 2014 8.50
1 July 2014 to 31 December 2014 8.50
1 January 2015 to 30 June 2015 8.50
1 July 2015 to 30 June 2016 8.00
1 July 2016 to 31 December 2016 7.75
1 January 2017 to 30 June 2017 7.50


Note: From 1 July 2010 these rates will be set at 6 monthly intervals and will be 4% above the last applicable Reserve Bank cash rate target for pre judgment interest and 6% above the last applicable Reserve Bank cash rate target for post judgment interest.