Division 7A benchmark interest rate

Taxation Determination TD 2012/15 states that for the income year that commenced on 1 July 2012, the benchmark interest rate for the purposes of ss 109N and 109E of the Income Tax Assessment Act 1936 is 7.05% (down from 7.80% per annum for 2011–2012).

Source: Taxation Determination TD 2012/15, http://law.ato.gov.au/pdf/pbr/td2012-015.pdf