Shortfall Interest Charge (SIC) Rate
nounshort·fall in·ter·est charge ratepronounced SHORT-fawl IN-trəst charj RAYT
Last reviewed 16 April 2026
What does the noun Shortfall Interest Charge (SIC) Rate mean?
A rate set by the ATO each quarter, calculated as the 90-day bank bill rate plus 3 percentage points. The ATO uses this rate to calculate deemed earnings on FHSSS contributions, regardless of what your super fund actually earned.
How the noun Shortfall Interest Charge (SIC) Rate is used
The ATO used the shortfall interest charge rate to calculate our deemed FHSSS earnings — it was higher than what our super fund actually returned that year.
Synonyms
SIC rate
Related words
Cite this entry
MLA citation: "Shortfall Interest Charge (SIC) Rate." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/shortfall-interest-charge-sic-rate. Accessed 30 May 2026.
Chicago citation: How to Property. "Shortfall Interest Charge (SIC) Rate." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/shortfall-interest-charge-sic-rate.
APA citation: How to Property. (2026, April 16). Shortfall Interest Charge (SIC) Rate. https://howtoproperty.com.au/definitions/shortfall-interest-charge-sic-rate