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The 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

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