05 Jul 077 Income tax: Division 7A benchmark interest rate for 2007-08 - TD 2007/23This final Taxation Determination was issued on 4 July 2007. It was not previously released in draft form. Its full title is "Income tax: what is the benchmark interest rate applicable for the year of income that commenced on 1 July 2007 for the purposes of Division 7A of Part III of the ITAA 1936 and how is it used?"
The Determination states: "For the income year that commenced on 1 July 2007, the benchmark interest rate for the purposes of ss 109N and 109E of the ITAA 1936 1 is 8.05% per annum."
For a copy of TD 2007/23, go here