Australia Statutory late-payment interest
Australia Statutory late-payment interest: no single figure applies. The reason is set out below, cited to the governing instrument. Last checked against the official source on 10 Aug 2026.
Official source: Federal Court of Australia, Interest on Judgments Practice Note (GPN-INT) under Federal Court of Australia · Last checked 2026-08-10 · source fingerprint
Australia fixes no national statutory or late-payment interest rate: court-awarded interest is set per jurisdiction (federal courts: RBA cash rate + 4/6 points half-yearly; each State differs), and no general commercial late-payment statute exists.
Compare statutory interest rate across all 8 Australasian countries →
| Current value | no single figure |
|---|---|
| In force from | — |
| Official source | Federal Court of Australia, Interest on Judgments Practice Note (GPN-INT) under Federal Court of Australia Act 1976 ss 51A/52 and FCR 2011 r 39.06: 'rates that are 4% above the cash rate last published by the Reserve Bank of Australia' (pre-judgment; 6% above post-judgment); Federal Court table for 1 Jul - 31 Dec 2026: cash rate 4.35% → pre-judgment 8.35%, post-judgment 10.35% |
| Last verified | 2026-08-10 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
REFUSAL — jurisdiction-split with no national figure. The Payment Times Reporting Act 2020 is disclosure-only; no commercial late-payment statute fixes a rate. FEDERAL COURTS use half-yearly snapshots of the RBA cash rate (as at 1 January / 1 July) + 4 points pre-judgment / + 6 points post-judgment per practice note GPN-INT — guidance, not a rate-fixing instrument, and the court retains discretion. H2 2026: 8.35% / 10.35% (the RBA hiked three times in 2026 back to 4.35% — do not assume the 2025 cutting cycle continued). STATES DIVERGE: NSW's UCPR mirrors RBA+4/+6; Victoria uses a fixed gazetted penalty rate under the Penalty Interest Rates Act 1983 (10% p.a. since 1 February 2017); other States and Territories differ again. Serving any single figure as 'Australia's rate' would be wrong for most of the country. Retrieval: fedcourt.gov.au 403s non-browser fetchers.
Get it programmatically
curl https://ausref.dev/v1/au/statutory-interest
# $0.005 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://ausref.dev/v1/au/statutory-interest/history?from=2020-01-01
# Provenance: curl https://ausref.dev/provenance/au/statutory-interestOther Australia series: Cash Rate Target · Goods and Services Tax (GST) · VAT registration threshold · National Minimum Wage · Public Holidays · Consumer Price Index (annual, All groups) · Company Tax Rate · Withholding tax rates · Personal Income Tax Rates (residents) · Statutory social-insurance contributions
The same figure elsewhere: Fiji · New Zealand · Papua New Guinea · Samoa · Solomon Islands · all 8