History of
Maximum Permissible
Interest Rate (MPIR)

MPIR Interest Rate History

History of Maximum Permissible Interest Rate (MPIR)


Historical MPIR Rates

The Maximum Permissible Interest Rate (MPIR) is the interest rate used to calculate the Daily Accommodation Payment (DAP) on a Refundable Accommodation Deposit (RAD). The tables below list each MPIR period from 2006 to the current quarter.

To see how a RAD, DAP and the MPIR work together, read our guide to RAD, DAP and MPIR explained, or see the current nursing home fees and charges.


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Chart of the Maximum Permissible Interest Rate (MPIR) used for aged care accommodation payments, 2006 to current


MPIR | 2017 to Current


Period MPIR
1/10/2026 to 31/12/20268.51%
1/07/2026 to 30/09/20268.43%
1/04/2026 to 30/06/20267.96%
1/01/2026 to 31/03/20267.61%
1/10/2025 to 31/12/20257.61%
1/07/2025 to 30/09/20257.78%
1/04/2025 to 30/06/20258.17%
1/01/2025 to 31/03/20258.42%
1/07/2024 to 30/09/20248.36%
1/04/2024 to 30/06/20248.34%
1/01/2024 to 31/03/20248.38%
1/10/2023 to 31/12/20238.15%
1/07/2023 to 30/09/20237.90%
1/04/2023 to 30/06/20237.46%
1/01/2023 to 31/03/20237.06%
1/10/2022 to 31/12/20226.31%
1/07/2022 to 30/09/20225.00%
1/04/2022 to 30/06/20224.07%
1/01/2022 to 31/03/20224.04%
1/10/2021 to 31/12/20214.01%
1/07/2021 to 30/09/20214.04%
1/04/2021 to 30/06/20214.01%
1/01/2021 to 31/03/20214.02%
1/07/2020 to 31/12/20204.10%
1/04/2020 to 30/6/20204.89%
1/01/2020 to 31/3/20204.91%
1/10/2019 to 31/12/20194.98%
1/08/2019 to 30/9/20195.54%
1/07/2019 to 31/7/20195.54%
1/04/2019 to 30/6/20195.96%
1/01/2019 to 31/03/20195.94%
1/10/2018 to 31/12/20185.96%
1/07/2018 to 30/09/20185.96%
1/04/2018 to 30/06/20185.77%
1/01/2018 to 31/03/20185.72%
1/10/2017 to 31/12/20175.70%
1/07/2017 to 30/09/20175.73%
1/04/2017 to 30/06/20175.78%
1/01/2017 to 31/03/20175.76%

MPIR | 2012 to 2016


Period MPIR
1/10/2016 to 31/12/20165.76%
1/07/2016 to 30/09/20166.01%
1/04/2016 to 30/06/20166.28%
1/01/2016 to 31/03/20166.22%
1/10/2015 to 31/12/20156.14%
1/07/2015 to 30/09/20156.15%
1/04/2015 to 30/06/20156.36%
1/01/2015 to 31/03/20156.75%
1/10/2014 to 31/12/20146.63%
1/07/2014 to 30/09/20146.69%
1/04/2014 to 30/06/20146.63%
1/01/2014 to 31/03/20146.59%
1/12/2013 to 31/12/20136.60%
1/10/2013 to 30/11/20136.60%
1/07/2013 to 30/09/20136.82%
1/04/2013 to 30/06/20136.95%
1/01/2013 to 31/03/20137.24%
1/10/2012 to 31/12/20127.62%
1/07/2012 to 30/09/20127.66%
1/04/2012 to 30/06/20128.37%
1/01/2012 to 31/03/20128.62%

MPIR | 2006 to 2011


Period MPIR
1/10/2011 to 31/12/20118.86%
1/07/2011 to 30/09/20119.00%
1/04/2011 to 30/06/20118.92%
1/01/2011 to 31/03/20119.02%
1/10/2010 to 31/12/20108.74%
1/07/2010 to 30/09/20108.80%
1/04/2010 to 30/06/20108.16%
1/01/2010 to 31/03/20107.95%
1/10/2009 to 31/12/20097.30%
1/07/2009 to 30/09/20097.13%
1/04/2009 to 30/06/20097.16%
1/01/2009 to 31/03/20098.76%
17/11/2008 to 31/12/200811.31%
1/10/2008 to 16/11/200811.31%
1/07/2008 to 30/09/200811.75%
1/04/2008 to 30/06/200811.69%
1/01/2008 to 31/03/200811.15%
1/10/2007 to 31/12/200710.75%
1/07/2007 to 30/09/200710.37%
1/04/2007 to 30/06/200710.37%
1/01/2007 to 31/03/200710.37%
1/10/2006 to 31/12/200610.19%
1/07/2006 to 30/09/20069.87%