Pre- and Post-Interest Rates

Interest Schedule effective from 1 July 2019

Pre Judgment Interest - Table 2

Period Rate of Interest % per Year
Any period before 1 July 1981  13.50
1 January 1983 to 30 June 1985    14.00 
1 July 1985 to 29 February 1988   19.00
1 March 1988 to 31 August 1989    17.00
1 September 1989 to 14 January 1991    20.75 
15 January 1991 to 14 July 1991    17.50 
15 July 1991 to 14 January 1992   15.75 
15 January 1992 to 14 July 1992 13.75
1 July 1992 to 14 January 1993    11.50 
15 January 1993 to 31 January 1994 10.00
1 February 1994 to 31 July 1995 9.00
1 August 1995 to 31 March 1997 10.75
1 April 1997 to 30 April 1998 9.55
1 May 1998 to 9 January 2005    8.45
10 January 2005 to 30 June 2010    9.00 
1 July 2010 to 31 December 2010    8.50 
1 January 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 2015   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 2019   5.50
1 July 2019 to 31 December 2019 5.25


Post Judgment Interest

Period 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 September 1982 to 30 April 1986 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 9 April 1995   12.00
10 April 1995 to 31 July 1995 9.00
1 August 1995 to 31 March 1997 10.75
1 April 1997 to 30 April 1998 9.55
1 May 1998 to 9 January 2005 8.45
10 January 2005 to 30 June 2010   11.00
1 July 2010 to 31 December 2010   10.50
1 January 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 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 2019   7.50
1 July 2019 to 31 December 2019 7.25


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.