GIC and SIC Rates for the 2017 September Quarter

The ATO has published the 2017 September quarter rates for the General Interest Charge (GIC) and the Shortfall Interest Charge (SIC):

GIC Annual Rate 8.73%
GIC Daily Rate 0.02391781%
SIC Annual Rate 4.73%
SIC Daily Rate 0.01295890%


Ref: ATO website – GIC and SIC rates

Editor: the rate for that period for the interest on early payments (IEP), interest on overpayments (IOP) and delayed refund interest (DRI) is 1.73%.

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