01 Jul 1010 Div 7A benchmark interest rate applicable for 2010-11 - TD 2010/18
Taxation Determination TD 2010/18 was issued on 30 June 2010. 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 2010 for the purposes of Division 7A of Part III of the Income Tax Assessment Act 1936 and how is it used?"
For the income year that commenced on 1 July 2010, the benchmark interest rate for the purposes of ss 109N and 109E of ITAA 1936 is 7.40% per annum.