In September 2020, the ATO announced the ‘base rate’ for the October – December 2020 Quarter, upon which the GIC, SIC and Interest on Overpayments are based. The base rate is 0.10% per annum. See below for further details. [Tax Month – September 2020] SIGN UP (free trial) or LOG IN Username:Password:RegisterLost your password? About the author John Morgan John Morgan is a tax specialist lawyer of more than three decades experience now practicing at the Victorian Bar - w: www.FJMtax.com e: f.john.morgan@vicbar.com.au