{"id":"F2007B00412","name":"Family Assistance (Present Value of Unpaid Amount – Interest Rate) Determination 2000","slug":"family-assistance-present-value-of-unpaid-amount-interest-rate-determination-2000","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":436914,"registerId":"F2007B00412-fast-fetch-1775953955929","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Family Assistance (Present Value of Unpaid Amount – Interest Rate) Determination 2000","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\nmeta-generator: Aspose.Words for .NET 20.2\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\n![](image.001.png)\n\nFamily Assistance (Present Value of Unpaid Amount – Interest Rate) Determination 2000\n\nI, JOCELYN MARGARET NEWMAN, Minister for Family and Community Services, make this Determination under subsection 100(6) of the A New Tax System (Family Assistance) (Administration) Act 1999.\n\nDated 26th June 2000.\n\n \n\nJocelyn Newman\n\nMinister for Family and Community Services\n\n \n\n![](image.001.png)\n\nFamily Assistance (Present Value of Unpaid Amount – Interest Rate) Determination 2000\n\nmade under the\n\nA New Tax System (Family Assistance) (Administration) Act 1999\n\n \n\n1        Citation\n\nThis Determination may be cited as the Family Assistance (Present Value of Unpaid Amount – Interest Rate) Determination 2000.\n\n2        Commencement\n\nThis Determination commences on 1 July 2000, immediately after the commencement of section 100 of the Act.\n\n3        Definition\n\nIn this Determination:\n\n  the Act means the A New Tax System (Family Assistance) (Administration) Act 1999.\n\n4          Annual interest rate\n\n For the purposes of the definition of interest in subsection 100(6) of the Act, the annual rate of interest of 10% is specified.\n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":2256},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The instrument remains strictly limited to its original purpose of prescribing the interest rate for present value calculations of unpaid family assistance amounts under section 100(6) of the A New Tax System (Family Assistance) (Administration) Act 1999."},"complexity_factors":["Only 4 short sections total","Single definition referring to the parent Act","No conditional logic, exceptions, or triggers","Straightforward numerical specification (10% rate)","No internal cross-referencing"],"plain_english_summary":"This determination sets the **annual interest rate** at **10%** for calculating the present value (current financial worth) of unpaid family assistance debts.\n\nWhen the government is owed money for family assistance payments—such as benefit overpayments or delayed repayments—this rate is used to work out how much interest accrues on the outstanding amount, or what a future payment is worth in today's dollars. It essentially fixes the cost of borrowing for money owed to Centrelink (now Services Australia).\n\n**Who it affects:**\n- People with outstanding family assistance debts (including family tax benefits and childcare assistance overpayments)\n- Government agencies calculating and recovering those debts\n\n**Why it matters:**\nThe 10% rate determines how quickly unpaid debts grow over time. Compared to lower commercial interest rates, this can significantly increase the total amount a person must repay if they delay settling their debt."}},"importantCases":[],"_links":{"self":"/api/acts/family-assistance-present-value-of-unpaid-amount-interest-rate-determination-2000","history":"/api/acts/family-assistance-present-value-of-unpaid-amount-interest-rate-determination-2000/history","analysis":"/api/acts/family-assistance-present-value-of-unpaid-amount-interest-rate-determination-2000/analysis","conflicts":"/api/acts/family-assistance-present-value-of-unpaid-amount-interest-rate-determination-2000/conflicts","importantCases":"/api/acts/family-assistance-present-value-of-unpaid-amount-interest-rate-determination-2000/important-cases","documents":"/api/acts/family-assistance-present-value-of-unpaid-amount-interest-rate-determination-2000/documents"}}