3.4.3.3 Penalty interest rates
Penalty interest Penalty interest awarded when there is a delay in the payment of compensation. rates are determined by the Attorney General pursuant to the Penalty Interest Rates Act 1983. Changes to the rates are published in the Government Gazette.
| From | To | Interest Rate |
|---|---|---|
| 01/02/2017 | Current | 10% per annum |
| 01/06/2015 | 31/01/2017 | 9.5% per annum |
| 11/08/2014 | 31/05/2015 | 10.5% per annum |
| 03/02/2014 | 10/08/2014 | 11.5% per annum |
| 07/10/2013 | 02/02/2014 | 10% per annum |
| 01/02/2010 | 06/10/2013 | 10.5% per annum |
| 23/02/2009 | 31/01/2010 | 10% per annum |
| 01/09/2008 | 22/02/2009 | 11% per annum |
| 01/10/2006 | 31/08/2008 | 12% per annum |
| 01/10/2005 | 31/01/2006 | 11% per annum |
| 01/04/2005 | 30/09/2005 | 11.5% per annum |
| 01/07/2004 | 31/03/2005 | 12% per annum |
| 26/06/2003 | 30/06/2004 | 11.25% per annum |
| 24/03/2003 | 25/06/2003 | 11% per annum |
| 18/12/2002 | 23/03/2003 | 11.5% per annum |
| 25/08/2002 | 17/12/2002 | 12% per annum |
| 04/05/2002 | 24/08/2002 | 12.25% per annum |
| 17/04/2001 | 03/05/2002 | 11.5% per annum |
| 23/02/1998 | 06/04/2001 | 12.3% per annum |
| 30/10/1991 | 22/02/1998 | 13.2% per annum |
| 01/05/1991 | 29/10/1991 | 15% per annum |
| 19/12/1990 | 30/04/1991 | 16.1% per annum |
| 12/07/1990 | 18/12/1990 | 18.5% per annum |
| 01/02/1990 | 11/07/1990 | 19.6% per annum |
| 01/11/1989 | 31/01/1990 | 23.5% per annum |
| 01/07/1989 | 31/10/1989 | 13.7% per annum |
| 01/04/1989 | 30/06/1989 | 13.6% per annum |
| 01/01/1989 | 31/03/1989 | 11.9% per annum |
| 01/10/1988 | 31/12/1988 | 11.8% per annum |
| 01/07/1988 | 30/09/1988 | 12.5% per annum |
| 07/04/1988 | 30/06/1988 | 12.5% per annum |
| 01/04/1988 | 06/04/1988 | 13.2% per annum |
| 01/01/1988 | 30/03/1988 | 13.2% per annum |
| 01/10/1987 | 31/12/1987 | 12.3% per annum |
| 01/07/1987 | 30/09/1987 | 12.5% per annum |
| 01/04/1987 | 30/06/1987 | 14% per annum |
| 01/01/1987 | 31/03/1987 | 13.5% per annum |
| 01/10/1986 | 31/12/1986 | 13.9% per annum |
| 01/07/1986 | 30/09/1986 | 13.2% per annum |
| 01/04/1986 | 30/06/1986 | 13.8% per annum |
| 01/01/1986 | 31/03/1986 | 15.1% per annum |
| 01/10/1985 | 31/12/1985 | 14.1% per annum |
| 10/07/1985 | 30/09/1985 | 14.2% per annum |
| 01/04/1985 | 09/07/1985 | 13.5% per annum |
| 01/01/1985 | 31/03/1985 | 13.6% per annum |
| 08/10/1984 | 31/12/1984 | 13.7% per annum |
| 01/07/1984 | 07/10/1984 | 14% per annum |
| 01/04/1984 | 30/06/1984 | 14.7% per annum |
| 01/01/1984 | 31/03/1984 | 13.3% per annum |
| 01/07/1983 | 31/12/1983 | 15.8% per annum |