1300 039 390June 11, 2014
Interest (Crediting) Rates for the year to 31 May 2014
In conformity with sections 113(14) and (15) of the Supreme Court Act 1986 [the Act] and with Rule 79.09(1) of the Rules of Court, the Senior Master has fixed the following interest rates with the approval of the Chief Justice:
0.75 per centum per annum.
B. With respect to Common Fund No. 2 for the year to 31 May 2014:
For beneficiaries with funds invested in both Common Funds No. 2 and Common Fund No. 3 as at 1 June 2013, 4.45%.
For the other beneficiaries of Common Fund No. 2, 4.65%.
C. With respect to Common Fund No. 2 from 1 June 2014 until a further particular rate or a further general rate is fixed:
Equivalent to the Cash Rate Target as fixed by the Reserve Bank of Australia from time to time, but not more than 4 per cent per annum.
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Note: The usual FIC Fact Sheet setting out crediting rates, details of cost recovery and the FIC Administration Expense Ratio for 2013-2014 will be published in early July.