What is the interest rate?

The rate used in calculating your interest is set by law and is reviewed every quarter.

Interest rates for 2006-07 are shown in the table below.

Details of other quarterly interest rates are available from the Tax Office.

Table: Interest rates used for calculation of early payments, overpayments and delayed refunds (2006-07)

Period	Interest rate
1 July 2006 to 30 September 2006	5.87% pa
1 October 2006 to 31 December 2006	6.19% pa
1 January 2007 to 31 March 2007	6.37% pa
1 April 2007 to 30 June 2007	6.37% pa