Interest rates

Interest rates on default judgments before a registrar

This table outlines the rates of interest that the registrar applies when giving judgment under rule 283 of the Uniform Civil Procedure Rules 1999.

Prior to 1 September 2012

Prior to 1 September 2012, pre-judgment rates were set by a practice direction of the individual courts under s. 47 of the Supreme Court Act 1995.

Practice direction number

 

Dates effective

Cash
rate (%)

Default
rate (%)

Total rate
applicable (%)

08/1997

01/1997

01/1997

01/05/97–30/06/98

N/A

10

10

19/1998

01/1998

01/1998

01/07/98–31/10/00

N/A

9

9

09/2000

04/2000

05/2000

01/11/00–31/08/01

N/A

10.5

10.5

06/2001

06/2001

03/2001

01/09/01–31/03/02

N/A

9.5

9.5

02/2002

01/2002

02/2002

01/04/02–30/06/07

N/A

9

9

06/2007

04/2007

04/2007

01/07/07–31/08/12

N/A

10

10

From 1 September 2012

From 1 September 2012, rates are set by practice direction under s. 58 of the Civil Proceedings Act 2011.

Practice direction number

 

Dates effective

Cash
rate (%)

Default
rate (%)

Total rate
applicable (%)

Supreme Court 22/2012
(This practice direction sets the rate for Supreme, District and Magistrates Courts.)

01/09/12–18/04/13

N/A

10

10

07/2013

06/2013

15/2013

19/04/13–30/06/13

3

4

7

01/07/13–31/12/13

2.75

4

6.75

01/01/14–30/06/14

2.5

4

6.5

01/07/14–31/12/14

2.5

4

6.5

01/01/15–30/06/15

2.5

4

6.5

01/07/15–31/12/15

2

4

6

01/01/16–30/06/16

2

4

6

01/07/16–31/12/16

1.75

4

5.75

01/01/17–30/06/17

1.5

4

5.5

From 19 April 2013, pre-judgment interest in accordance with rule 283, and Supreme Court practice direction 07/2013, District Court practice direction 06/2013 and Magistrates Court practice direction 15/2013, are adjusted on 1 January and 1 July each year, and based on the Reserve Bank rate (cash rate) as at 30 June and 31 December each year + 4%.

These rates have been agreed on by representatives of all Australian jurisdictions to establish nationally uniform rates.

Parties wishing to request default judgment may use the Queensland Courts interest calculator. Once the calculation is complete, print the page and present it to the registrar to expedite your request.

Interest on judgments by the court (judge)

From the cause of action until judgment Civil Proceedings Act 2011 – interest rate at the court’s discretion.

Interest on money orders

This table outlines the rates of interest that the registrar applies on money orders.

Prior to 1 September 2012

Prior to 1 September 2012, the rates were set by regulation under s. 48 of the Supreme Court Act 1995.

Practice direction number

 

Dates effective

Cash
rate (%)

Default
rate (%)

Total rate
applicable (%)

Authority

Dates effective

Cash
rate (%)

Default
rate (%)

Total rate
applicable (%)

Supreme Court Regulation 1998

01/07/98­30/08/08

N/A

10

10

Supreme Court Regulation 2008

31/08/08–31/08/12

N/A

10

10

From 1 September 2012

From 1 September 2012, rates are set by practice direction under s. 59(3) of the Civil Proceedings Act 2011.

Practice direction number

 

Dates effective

Cash
rate (%)

Default
rate (%)

Total rate
applicable (%)

Supreme Court 22/2012
(This practice direction sets the rate for Supreme, District and Magistrates Courts.)

01/09/12–18/04/13

N/A

10

10

07/2013

06/2013

15/2013

19/04/13–30/06/13

3

6

9

01/07/13–31/12/13

2.75

6

8.75

01/01/14–30/06/14

2.5

6

8.5

01/07/14–31/12/14

2.5

6

8.5

01/01/15–30/06/15

2.5

6

8.5

01/07/15–31/12/15

2

6

8

01/01/16–30/06/16

2

6

8

01/07/16–31/12/16

1.75

6

7.75

01/01/17–30/06/17

1.5

6

7.5

From 19 April 2013, post-judgment interest in accordance with s. 59(3) of the Civil Proceedings Act 2011 , and Supreme Court practice direction 07/2013, District Court practice direction 06/2013 and Magistrates Court practice direction 15/2013 are adjusted on 1 January and 1 July each year, and based on the Reserve Bank rate (cash rate) as at 30 June and 31 December each year + 6%.

These rates have been agreed on by representatives of all Australian jurisdictions to establish nationally uniform rates.

Parties wishing to apply for an enforcement hearing summons or enforcement warrant may use the Queensland Courts interest calculator. Once the calculation is complete, print the page and present it to the registrar to expedite your application.