Interest rates
The following table outlines the rates of interest to be applied by the registrar when giving judgment under rule 283 of theInterest rates on default judgments before a registrar giving judgment under rule 283 of the Uniform Civil Procedure Rules 1999.
| Prior to 1 September 2012 pre-judgment rates were set by a Practice Direction of the individual courts pursuant to section 47 of the Supreme Court Act 1995 | ||||||
|
Practice Directions |
Dates effective
|
Cash
|
Default
|
Total Rate
| ||
| Supreme Court |
District Court |
Magistrates Court | ||||
| 08/1997 | 01/1997 | 01/1997 | 01/05/1997 - 30/06/1998 | N/A | 10% | 10% |
| 19/1998 | 01/1998 | 01/1998 | 01/07/1998 - 31/10/2000 | N/A | 9% | 9% |
| 09/2000 | 04/2000 | 05/2000 | 01/11/2000 - 31/08/2001 | N/A | 10.5% | 10.5% |
| 06/2001 | 06/2001 | 03/2001 | 01/09/2001 - 31/03/2002 | N/A | 9.5% | 9.5% |
| 02/2002 | 01/2002 | 02/2002 | 01/04/2002 - 30/06/2007 | N/A | 9% | 9% |
| 06/2007 | 04/2007 | 04/2007 | 01/07/2007 - 31/08/2012 | N/A | 10% | 10% |
|
From 1 September 2012 pre-judgment rates are set by Supreme Court Practice Direction pursuant to section 58 of the Civil Proceedings Act 2011 | ||||||
|
Supreme Court Practice Direction Number |
Dates |
Cash |
Default |
Total Rate | ||
| 22/2012 | 01/09/2012- 18/04/2013 |
N/A | 10% | 10% | ||
| 07/2013 | 19/04/2013 | 3% | 4% | 7% | ||
From 19 April 2013 pre-judgment interest in accordance with rule 283 and Supreme Court Practice Direction 07/2013 will be 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 upon 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 it may be printed and presented to the registrar to expedite your request.
Interest on judgment by the court (judge)
From the cause of action until judgment Civil Proceedings Act 2011 – interest rate at the courts discretion.
Interest on Money Order
The following table outlines the rates of interest to be applied by the registrar on money orders.
| Prior to 1 September 2012 the rates were set by regulation pursuant to section 48 of the Supreme Court Act 1995. | ||||
| Authority | Dates Effective | Cash Rate |
Default Rate |
Total Rate Applicable |
| Supreme Court Regulation 1998 | 01/07/1998 - 30/08/2008 |
N/A | 10% | 10% |
| Supreme Court Regulation 1998 | 31/08/2008 - 31/08/2013 |
N/A | 10% | 10% |
| From 1 September 2012 rates are set by Supreme Court Practice Direction pursuant to section 59(3) of the Civil Proceedings Act 2011. | ||||
| Supreme Court Practice Direction Number | Dates Effective | Cash Rate |
Default Rate |
Total Rate Applicable |
| 21/2012 |
01/09/2012 - |
N/A | 10% | 10% |
| 07/2013 | 19/04/2013 | 3% | 6% | 9% |
From 19 April 2013 post-judgment interest in accordance with section 59(3) of the Civil Proceedings Act 2011 and Supreme Court Practice Direction 07/2013 will be 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 upon 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 it may be printed and presented to the registrar to expedite your application.