The rate used in calculating your interest is set by law and is reviewed every quarter.
Interest rates for 2010-11 are shown in the table below.
Details of other quarterly interest rates are available from the ATO.
TABLE: Interest rates used for calculation of early payments, overpayments and delayed refunds (2010-11)
Period |
Interest rate |
|---|---|
1 July 2010 to 30 September 2010 |
4.80 |
1 October 2010 to 31 December 2010 |
4.74 |
1 January 2011 to 31 March 2011 |
5.02 |
1 April 2011 to 30 June 2011 |
4.92 |