Announcement - Interest Rate Changes from 1 July 2010

1 July 2010

Changes to interest rates will commence on 1 July 2010. There will now be two applicable rates; pre judgment and post judgment interest rates. (The change is to harmonise the interest rates in all Australian jurisdictions and is likely to change every 6 months)

Pre judgment interest rate
The rate for the period 1 July 2010 to 31 December 2010 is 8.5% .

The amount of pre judgment interest is now set by Practice Note. Click here to access the Practice Note.

Post judgment interest rate
The rate for the period 1 July 2010 to 31 December 2010 is 10.5% .



Industrial Registrar.