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COURT PROCEDURES RULES 2006 - SCHEDULE 2

COURT PROCEDURES RULES 2006 - SCHEDULE 2

Schedule 2     Interest rates

Part 2.1     Interest up to judgment

(see r 51, r 304, r 1104, r 1120 and r 1616)

Table 2.1     Interest up to judgment—Supreme Court

column 1

item

column 2

period

column 3

rate of interest

% per year

1

1 January 1974 to 31 December 1980

10.00

2

1 January 1981 to 31 December 1985

14.00

3

1 January 1986 to 31 December 1987

18.00

4

1 January 1988 to 31 December 1989

16.00

5

1 January 1990 to 30 June 1990

21.00

6

1 July 1990 to 31 December 1990

18.00

7

1 January 1991 to 30 June 1991

16.00

8

1 July 1991 to 30 June 1993

15.00

9

1 July 1993 to 30 April 2001

10.00

10

1 May 2001 to 9 January 2005

9.00

11

10 January 2005 to 30 June 2010

9.00

2.1     Interest up to judgment after 30 June 2010—Supreme Court

For the Supreme Court, the rate of interest up to judgment for a period after 30 June 2010 is—

        (a)     for the period from 1 July to 31 December in a year—the rate that is 4% above the cash rate last published by the Reserve Bank of Australia before the start of the period; and

        (b)     for the period from 1 January to 30 June in a year—the rate that is 4% above the cash rate last published by the Reserve Bank of Australia before the start of the period.

Table 2.2     Interest up to judgment—Magistrates Court

column 1

item

column 2

period

column 3

rate of interest

% per year

1

any period before 1 July 1981

13.375

2

1 July 1981 to 30 June 1982

15.00

3

1 July 1982 to 31 December 1982

17.50

4

1 January 1983 to 31 December 1983

15.50

5

1 January 1984 to 30 June 1984

12.375

6

1 July 1984 to 31 December 1984

14.75

7

1 January 1985 to 30 June 1985

13.75

8

1 July 1985 to 31 December 1985

17.25

9

1 January 1986 to 30 June 1986

20.625

10

1 July 1986 to 31 December 1986

18.125

11

1 January 1987 to 30 June 1987

19.25

12

1 July 1987 to 29 February 1988

18.75

13

1 March 1988 to 28 February 1989

16.125

14

1 March 1989 to 31 August 1989

17.875

15

1 September 1989 to 14 January 1991

20.75

16

15 January 1991 to 14 July 1991

17.50

17

15 July 1991 to 14 January 1992

15.75

18

15 January 1992 to 14 July 1992

13.75

19

15 July 1992 to 14 January 1993

11.50

20

15 January 1993 to 31 January 1994

10.00

21

1 February 1994 to 31 July 1995

9.00

22

1 August 1995 to 31 March 1997

10.75

23

1 April 1997 to 30 April 1998

9.55

24

1 May 1998 to 9 January 2005

8.45

25

10 January 2005 to 30 June 2010

9.00

2.2     Interest up to judgment after 30 June 2010—Magistrates Court

For the Magistrates Court, the rate of interest up to judgment for a period after 30 June 2010 is—

        (a)     for the period from 1 July to 31 December in a year—the rate that is 4% above the cash rate last published by the Reserve Bank of Australia before the start of the period; and

        (b)     for the period from 1 January to 30 June in a year—the rate that is 4% above the cash rate last published by the Reserve Bank of Australia before the start of the period.

Part 2.2     Interest after judgment

(see r 1619 and r 1620)

Table 2.3     Interest after judgment—Supreme Court

column 1

item

column 2

period and case (if any)

column 3

rate of interest

% per year

1

any period ending before 1 May 1986:

        (a)     if judgment was entered before 1 October 1977

        (b)     if judgment was entered on or after 1 October 1977

5.00

10.00

2

1 May 1986 to 30 June 1990

15.00

3

1 July 1990 to 31 December 1991

20.00

4

1 January 1992 to 30 June 1993

15.00

5

1 July 1993 to 30 April 2001

12.00

6

1 May 2001 to 9 January 2005

11.00

7

10 January 2005 to 30 June 2010

11.00

2.3     Interest on judgment after 30 June 2010—Supreme Court

For the Supreme Court, the rate of interest on judgment for a period after 30 June 2010 is—

        (a)     for the period from 1 July to 31 December in a year—the rate that is 6% above the cash rate last published by the Reserve Bank of Australia before the start of the period; and

        (b)     for the period from 1 January to 30 June in a year—the rate that is 6% above the cash rate last published by the Reserve Bank of Australia before the start of the period.

Table 2.4     Interest after judgment—Magistrates Court

column 1

item

column 2

period and case (if any)

column 3

rate of interest

% per year

1

any period ending before 1 May 1986:

        (a)     if judgment was entered before 1 October 1977

        (b)     if judgment was entered on or after 1 October 1977

5.00

10.00

2

1 May 1986 to 30 June 1990

15.00

3

1 July 1990 to 31 December 1991

20.00

4

1 January 1992 to 30 June 1993

15.00

5

1 July 1993 to 9 April 1995

12.00

6

10 April 1995 to 31 July 1995

9.00

7

1 August 1995 to 31 March 1997

10.75

8

1 April 1997 to 30 April 1998

9.55

9

1 May 1998 to 9 January 2005

8.45

10

10 January 2005 to 30 June 2010

11.00

2.4     Interest on judgment after 30 June 2010—Magistrates Court

For the Magistrates Court, the rate of interest on judgment for a period after 30 June 2010 is—

        (a)     for the period from 1 July to 31 December in a year—the rate that is 6% above the cash rate last published by the Reserve Bank of Australia before the start of the period; and

        (b)     for the period from 1 January to 30 June in a year—the rate that is 6% above the cash rate last published by the Reserve Bank of Australia before the start of the period.



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