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Penalty Interest Rates

Parliament fixes an interest rate that accrues on all outstanding civil judgments of the Court. The amount of penalty interest due on a Court Judgment is calculated on the money ordered to be paid, backdated to the date the complaint was filed with the Court. The relevant interest rate will apply until the amount outstanding is paid in full.  A Registrar can provide an interest calculation upon request. 

The following is a list of the Penalty Interest Rates fixed by the Attorney-General and dating back to 1988.

Effective Date	Number of days in operation	Interest Rate
01/01/1988	91	13.20%
01/04/1988	183	12.50%
01/10/1988	92	11.80%
01/01/1989	110	11.90%
21/04/1989	71	13.60%
01/071989	123	13.70%
01/11/1989	92	23.50%
01/02/1990	161	19.60%
12/07/1990	160	18.50%
19/12/1990	133	16.10%
01/05/1991	182	15.00%
30/10/1991	2308	13.20%
23/02/1998	1149	12.30%
17/04/2001	382	11.50%
04/05/2002	113	12.25%
25/08/2002	115	12.00%
18/12/2002	96	11.50%
24/03/2003	94	11.00%
26/06/2003	371	11.25%
01/07/2004	274	12.00%
01/04/2005	183	11.50%
01/10/2005	365	11.00%
01/10/2006	701	12.00%
01/09/2008	175	11.00%
23/02/2009	343	10.00%
01/02/2010		10.5%