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Penalty Interest Rate

Every Issue

The current penalty interest rate is 11.5 per cent (from 18 December 2002). A list of the previous rates can be found on page 7 of the 2003 Law Institute Legal Directory and Diary.

To monitor any changes to this rate between editions of the LIJ, practitioners should check the Department of Justice website http://www.justice.vic.gov.au under the heading “Fines, penalties and auctions”.

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