Post-Judgment Interest Calculator

From 1 July 2010, the basis for the calculation of post-judgment interest changed whereby interest is calculated by reference to the Reserve Bank of Australia Cash Rate plus 6%.

This new method of calculating post-judgment interest is intended to apply throughout Australia with amendments having already being made to the NSW Courts Reference

It should be noted that this post judgment calculator should be only be used for judgment debts after 1 July 2010 (when the new rules came into affect). For judgment debts before 1 July 2010, the old Schedule 5 Uniform Civil Procedures Rules rates should be used for the period from date of judgment to 1 July 2010. This calculator does not calculate using the old Schedule 5 rates.

We have developed a Post-Judgment Interest Calculator to make these detailed calculations easy for you to work out in a matter of seconds by completing the 3 key inputs below:

Judgment Date(DD/MM/YYYY)

please enter date

Amount

please enter Amount

Date Now (DD/MM/YYYY)

please enter Date

 


Dolman Post jugment interest calculator

Help with the 3 key inputs above

Judgement DateDate of Judgment or the date from which interest accrues

Amount: This is the Australian dollar value amount of the judgment which is subject to the interest calculation.

How the Post-Judgment Interest Calculator works:

Interest is calculated using the following methodology contained in the NSW Courts Practice Notes being:

  1. in respect of the period from 1 January to 30 June in any year – the rate that is 6% above the cash rate last published by the Reserve Bank of Australia before that period commenced, and
  2. in respect of the period from 1 July to 31 December in any year – the rate that is 6% above the cash rate last published by the Reserve Bank of Australia before that period commenced

Post-judgment interest is calculated by reference to the Reserve Bank of Australia Cash Rate plus 6% calculated in six month periods. Interest is calculated on a simple basis (not compounding).

The Post-Judgment Interest Calculator has been updated to include the RBA Cash Rate up to 31 December 2019. Next Update: 1 January 2020