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Penalty interest rate

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Cite as: Jan/Feb 2015 89 (1/2) LIJ, p.67

The penalty interest rate is 10.5 per cent per annum (from 11 August 2014).

To monitor changes to this rate between editions of the LIJ, practitioners should check the Magistrates’ Court of Victoria website at www.magistratescourt.vic.gov.au/ jurisdictions/civil/procedural-information/penalty-interest-rates.

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