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IRP outbound loans

Last updated 9 October 2022

This section provides statistics for IRP outbound loans. The average quarterly balance of debt interests held in related parties (outbound loans) is broken down into:

  • Interest-free debt, where no interest or other return is charged
  • Interest-bearing debt, where interest or other return is charged.
Table 9: IRP outbound loans, 2015–16 to 2019–20 income years

 

2015–16
($m)

2016–17
($m)

2017–18
($m)

2018–19
($m)

2019–20
($m)

Average debt balance

153,282

153,755

154,201

159,300

163,660

a) Interest-free

37,200

34,513

35,442

34,114

37,775

b) Interest-bearing

116,082

119,242

118,759

125,186

125,885

Interest revenue

3,232

3,242

3,431

3,790

3,702

Implied interest rate (%)

2.7%

2.7%

2.9%

3.0%

2.9%

Table 10: IRP outbound loans – entity counts, averages and medians, 2018–19 to 2019–20 income years

 

2018–19

2019–20

Entities
(no.)

Average
($)

Median
($)

Entities
(no.)

Average
($)

Median
($)

Average debt balance

3,798

41,943,142

3,991,098

3,889

42,082,748

4,127,010

a) Interest-free

2,413

14,137,426

2,374,646

2,488

15,182,792

2,424,772

b) Interest-bearing

1,835

68,221,495

6,431,087

1,889

66,641,090

6,944,000

Interest revenue

1,850

2,048,594

203,992

1,882

1,966,864

182,231

In these tables:

  • Interest revenue includes interest revenue for accounting purposes and capitalised interest returned for income tax purposes.
  • The implied interest rate is calculated on interest-bearing debt and excludes some interest where no average debt balance is disclosed due to data issues.
  • Entity counts for interest-free and interest-bearing debt do not add to total entity counts because the same taxpayer may hold interest-free and interest-bearing debt.
  • Counts, averages (means) and medians are calculated excluding zeros.

Download selected data from the 2015–16 income year onwards at Table 1External Link.

QC70515