TAXATION ADMINISTRATION ACT 1996 HISTORY OF INTEREST RATES - FROM 1

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					                TAXATION ADMINISTRATION ACT 1996

HISTORY OF INTEREST RATES - FROM 1 JANUARY 1997

The following interest rate table shows the effective interest rate for refunds (market rate) and tax
defaults since the commencement of the Act.




          Period                                          Refunds           Defaults

          1 January 1997 to 30 June 1997                  10.5%             18.5%
          1 July 1997 to 31 December 1997                 9.8%              17.8%
          1 January 1998 to 30 June 1998                  8.8%              16.8%
          1 July 1998 to 31 December 1998                 8.8%              16.8%
          1 January 1999 to 30 June 1999                  8.8%              16.8%
          1 July 1999 to 30 June 2000                     4.8%              12.8%
          1 July 2000 to 30 June 2001                     5.95%             13.95%
          1 July 2001 to 7 July 2004                      4.89%             12.89%
          8 July 2004 to 6 July 2005                      5.51%             13.51%
          7 July 2005 to 30 June 2006                     5.68%             13.68%
          1 July 2006 to 30 June 2007                     5.87%             13.87%
          1 July 2007 to 30 June 2008                     6.37%             14.37%
          1 July 2008 to 30 June 2009                     7.75%             15.75%
          1 July 2009 onwards                             3.13%             11.13%