Solomon Islands Court-rule interest on judgment debts
Solomon Islands Court-rule interest on judgment debts is 5 percent, in force since 1 Mar 2008. Last checked against the official source on 10 Aug 2026.
Solomon Islands has no statutory interest rate; the operative figure is a court-rule default. Rule 17.72 of the Solomon Islands Courts (Civil Procedure) Rules 2007 makes interest payable at 5% per annum on an unpaid judgment debt unless the court orders otherwise, and rule 17.65 uses the same 5% as the starting point for pre-judgment interest.
Compare statutory interest rate across all 8 Australasian countries →
| Current value | 5 percent |
|---|---|
| In force from | 2008-03-01 |
| Official source | Solomon Islands Courts (Civil Procedure) Rules 2007, r. 17.72: 'Unless the court otherwise orders, interest is payable at the rate of 5 per cent per annum on the amount of a judgment debt (other than costs) that is unpaid on and after the day judgment is entered'; r. 17.65(a)(i): the court may order that pre-judgment interest be included 'at the rate of 5 per cent per annum or such other rate it considers appropriate'; made by the Rules Committee established under section 90 of the Constitution, dated 29 January 2008, 'to commence on 1 March 2008' |
| Last verified | 2026-08-10 |
| Verification | primary — No verification limitation recorded — read from the official source cited. Read from the full text of the Rules as published by PacLII, the only reachable full-text source for Solomon Islands court rules; PacLII's Solomon Islands court-rules database records its last update as 10 February 2017. A later amendment exists — the Solomon Islands Courts (Civil Procedure) (Amendment) Rules 2010 — and was not shown to touch Chapter 17, but the consolidated position after 2017 could not be independently confirmed. |
| Provenance | source fingerprint |
What this value means
THIS IS A COURT-RULE RATE, NOT A STATUTORY ONE. No Solomon Islands Act fixes an interest percentage. The 5% comes from the Civil Procedure Rules made by the Rules Committee under section 90 of the Constitution, and the Rules Committee can change it without Parliament. It is also a DEFAULT, not an entitlement: r. 17.72 applies 'unless the court otherwise orders', and any party may apply under Chapter 7 (Interlocutory Applications) for a different rate. SCOPE: post-judgment, on the amount of a judgment debt unpaid on and after the day judgment is entered. The Rules govern civil proceedings in the High Court and, under s. 76 of the Magistrates' Courts Act [Cap. 20], the Magistrates' Courts. TWO CARVE-OUTS THAT CATCH PEOPLE OUT: (1) 28-DAY GRACE — unless the court orders otherwise, NO interest is payable at all on the judgment debt if it is paid in full not later than 28 days after the day the judgment takes effect (r. 17.73). A debtor who settles inside four weeks owes nothing extra. (2) COSTS ARE EXCLUDED — the judgment debt for this purpose is 'other than costs', and interest is not payable on any amount awarded for costs unless the court orders it (r. 17.74); where the court does order it, the rate is again 5% per annum, running from the day the costs were assessed or another date the court decides (r. 17.75). PRE-JUDGMENT INTEREST IS DISCRETIONARY WITH A 5% ANCHOR: under r. 17.65 the court may include interest in the judgment sum 'at the rate of 5 per cent per annum or such other rate it considers appropriate', on all or part of the money, for all or part of the period from the day the cause of action arose (or a later date the court decides) to the day before judgment is entered — or may substitute a lump sum instead of interest. Rule 17.66 forbids any such interest or lump sum for loss to be suffered AFTER judgment, or on aggravated, exemplary or punitive damages. NO LATE-PAYMENT REGIME: nothing gives a Solomon Islands creditor default interest on an overdue invoice outside contract or a court order. Simple interest; the Rules provide for no compounding.
Get it programmatically
curl https://ausref.dev/v1/sb/statutory-interest
# $0.005 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://ausref.dev/v1/sb/statutory-interest/history?from=2020-01-01
# Provenance: curl https://ausref.dev/provenance/sb/statutory-interestOther Solomon Islands series: CBSI Policy Rate · Sales tax · VAT registration threshold · Minimum wage (statutory hourly rates) · Public holidays · CPI inflation (headline, 3-month moving average, year-on-year) · Company income tax rate (resident) · Withholding tax rates · Personal income tax brackets (resident individuals) · Statutory social-insurance contributions
The same figure elsewhere: Tonga · Vanuatu · Australia · Fiji · New Zealand · all 8