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Interest rates


Interest rates on default judgments before a registrar

The following table outlines the rates of interest to be applied by the registrar when 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 Direction number

Dates effective

Cash
Rate

Default
Rate

Total Rate
Applicable

   
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 rates are set by Practice Direction pursuant to section 58 of the Civil Proceedings Act 2011

Supreme Court 22/2012 (This Practice Direction sets the rate for Supreme, District and Magistrates Courts) 01/09/2012 -18/04/2013 N/A 10% 10%
07/2013   06/2013   15/2013   19/04/2013 -
30/06/2013
3% 4% 7%
01/07/2013 -
31/12/2013
2.75% 4% 6.75%
01/01/2014 -
30/06/2014

2.5%

4% 6.5%
01/07/2014 -
31/12/2014
2.5% 4% 6.5% 
01/01/2015 -
30/06/2015 
2.5% 4% 6.5%
01/07/2015 -
31/12/2015
2% 4% 6%

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 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 2008 31/08/2008 -31/08/2012 N/A 10% 10%
From 1 September 2012 rates are set by Practice Direction pursuant to section 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 Court 01/09/2012 -
18/04/2013
N/A 10% 10%
07/2013   06/2013   15/2013   19/04/2013 -
30/06/2013
3% 6% 9%
01/07/2013 -
31/12/2013
2.75% 6% 8.75%
01/01/2014 -
30/06/2014
2.5% 6% 8.5%
01/07/2014 -
31/12/2014
2.5% 6% 8.5%
01/01/2015 -
30/06/2015 
2.5% 6% 8.5%
01/07/2015 -
31/12/2015 
2% 6% 8%

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, District Court Practice Direction 06/2013 and Magistrates Court Practice Direction 15/2013 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.


Last reviewed
4 December 2014
Last updated
9 June 2015

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