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Penalty interest rate

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Cite as: July 2014 88 (07) LIJ, p.65

The penalty interest rate is 11.5 per cent per annum (from 3 February 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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