{"id":"F2017L01697","name":"Family Assistance (Present Value of Unpaid Amount – Interest Rate) Determination 2018","slug":"family-assistance-present-value-of-unpaid-amount-interest-rate-determination-2018","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":96588,"registerId":"commonwealth-F2017L01697-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Family Assistance (Present Value of Unpaid Amount – Interest Rate) Determination 2018","content":"![](image.001.png)\n\nFamily Assistance (Present Value of Unpaid Amount – Interest Rate) Determination 2018  \n\nI, Christian Porter, Minister for Social Services, make the following Determination.\n\nDated 18 December 2017\n\nChristian Porter\n\nMinister for Social Services\n\n1 Name\n\nThis Determination is the Family Assistance (Present Value of Unpaid Amount – Interest Rate) Determination 2018.\n\n2 Commencement\n\nThis Determination commences on 1 April 2017.\n\n3 Authority  \n  \nThis Determination is made under subsection 100(6) of the A New Tax System (Family Assistance) (Administration) Act 1999.\n\n4 Definition  \n  \nIn this Determination:\n\nAct means the A New Tax System (Family Assistance) (Administration) Act 1999.\n\n5 Annual interest rate  \n  \nFor the definition of interest in subsection 100(6) of the Act, the following is specified as the annual rate of interest:\n\n(a) 10% for the period 1 April 2017 to 28 February 2018; and\n\n(b) 5% from 1 March 2018.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":2384},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The Determination remains strictly limited to its original purpose of specifying the annual interest rate for present value calculations of unpaid amounts under the Family Assistance (Administration) Act, exactly as authorised by subsection 100(6) of that Act."},"complexity_factors":["Only 5 short sections total","Single definition ('Act') in the interpretation section","No conditional logic, exceptions, or cross-references beyond the enabling Act","Straightforward specification of two static rates for two distinct time periods"],"plain_english_summary":"This Determination sets the **interest rate** used to calculate the current value of unpaid amounts under family assistance laws.\n\nWhen the government needs to work out the *present value* of a debt or unpaid entitlement—essentially what it is worth in today's dollars accounting for the time value of money—this is the rate they apply.\n\n**The specified rates are:**\n- **10% per year** for calculations covering 1 April 2017 to 28 February 2018\n- **5% per year** for calculations from 1 March 2018 onwards\n\n**Why it matters:**\nThis affects how much people owe (or are owed) when family assistance payments are reconciled, recovered, or transferred. It provides a standardised way to account for the cost of delayed payment when calculating the current value of past debts."}},"importantCases":[],"_links":{"self":"/api/acts/family-assistance-present-value-of-unpaid-amount-interest-rate-determination-2018","history":"/api/acts/family-assistance-present-value-of-unpaid-amount-interest-rate-determination-2018/history","analysis":"/api/acts/family-assistance-present-value-of-unpaid-amount-interest-rate-determination-2018/analysis","conflicts":"/api/acts/family-assistance-present-value-of-unpaid-amount-interest-rate-determination-2018/conflicts","importantCases":"/api/acts/family-assistance-present-value-of-unpaid-amount-interest-rate-determination-2018/important-cases","documents":"/api/acts/family-assistance-present-value-of-unpaid-amount-interest-rate-determination-2018/documents"}}