12 Jun 088 GIC and SIC rates updateThe ATO has published general interest charge (GIC) and shortfall interest charge (SIC) rates for the first quarter of the 2008-09 income year.
The GIC annual rate for July-September 2008 is 14.75% whilst the GIC daily rate is 0.04030054%.
The SIC annual rate for July-September 2008 is 10.75% whilst the SIC daily rate is 0.02937158%.
For a copy of the GIC rates, go here
For a copy of the SIC rates, go here