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A lists of the penalty interest rates, dating back to 1 July 1988.

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 table (and attached document) shows a list of the penalty interest rates fixed by the Attorney-General and dating back to 1988.

Penalty interest rates

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 1344 10.5%
07/10/2013 119 10.00%
03/02/2014 189 11.50%
11/08/2014 294 10.50%
01/06/2015 611 9.50%
01/02/2017   10.00%
Author
Supreme Court of Victoria
Publisher
Supreme Court of Victoria
Date of publication