Interest rates
Interest rates on default judgments before a deputy registrar
Rule 283 - Uniform Civil Procedure Rules 1999
Practice Direction |
Date Issued |
Dates effective |
Rate |
|
25/02/93 |
All periods of time up to 31/05/94 |
11% | |
|
30/05/94 |
01/06/94 – 30/6/95 |
10% | |
|
22/06/95 |
01/07/95 - 30/4/97 |
11.5% | |
|
25/03/97 |
01/5/97 - 30/6/98 |
10% | |
|
29/05/98 |
01/7/98 - 31/10/00 |
9% | |
|
25/10/00 |
01/11/00 – 31/8/01 |
10.5% | |
|
03/08/01 |
01/09/01 - 31/3/02 |
9.5% | |
|
22/03/02 |
01/04/02 - 31/06/07 |
9% | |
|
22/06/07 |
01/07/07 - |
10% |
Interest on judgment by the court (judge)
From the cause of action until judgment – see Supreme Court of Queensland Act 1995 s47(1) – interest rate at the courts discretion.
From judgment to payment – see Supreme Court of Queensland Act 1995 s48 (1) and Supreme Court Regulation 1998 – Subordinate Legislation 158/98 – rate as at 1 July 1998 - 10%.