{
  "api_version": "2.0",
  "url": "https://retirementwealth.com.au/api/v2/figures/heas_interest_rate.json",
  "schema": "https://retirementwealth.com.au/api/v2/schema/api.json#/$defs/figure_file",
  "docs": "https://retirementwealth.com.au/data/",
  "publisher": "retirementwealth.com.au",
  "scope": "Retirement Wealth provides selected factual information about Australian retirement rules and rates. It does not provide personal or general financial product advice or recommend financial products. Summaries may not cover every condition or exception. Check the linked official sources and obtain advice appropriate to your circumstances before making financial decisions.",
  "figure": {
    "id": "heas_interest_rate",
    "former_ids": [],
    "label": "Home Equity Access Scheme interest rate",
    "category": "home_equity",
    "category_label": "Home Equity Access Scheme",
    "concept": "home_equity_access_scheme.interest_rate",
    "kind": "rate",
    "dimensions": {},
    "value": 3.95,
    "display_value": "3.95% a year",
    "unit": {
      "code": "percent_per_year",
      "plain": "Per cent per year",
      "quantity": "ratio",
      "currency": null,
      "per": "year",
      "per_amount": null,
      "ratio_divisor": 100
    },
    "ratio": 0.0395,
    "effective_from": "2022-01-01",
    "effective_from_basis": "value",
    "validity": {
      "from": "2022-01-01",
      "to": null,
      "basis": "value",
      "status": "in_force"
    },
    "applies_by": null,
    "resets": "ad_hoc",
    "review_dates": [],
    "source": {
      "title": "Home Equity Access Scheme",
      "publisher": "Services Australia",
      "url": "https://www.servicesaustralia.gov.au/home-equity-access-scheme",
      "type": "primary"
    },
    "verification": {
      "status": "verified_primary",
      "checked_on": "2026-10-11"
    },
    "notes": "Compounds each fortnight on the loan balance. Set by the Minister for Social Services. The rate started under the Social Security (Pension Loans Scheme - Rate of Compound Interest) Determination 2021, which commenced on 1 January 2022, and was remade unchanged by the Social Security (Home Equity Access Scheme - Rate of Compound Interest) Determination 2026.",
    "conditions": [],
    "exceptions": [],
    "caveats": [],
    "legal_basis": [
      {
        "instrument": "Social Security (Pension Loans Scheme - Rate of Compound Interest) Determination 2021",
        "role": "effective_date"
      },
      {
        "instrument": "Social Security (Home Equity Access Scheme - Rate of Compound Interest) Determination 2026",
        "role": "sets_value"
      }
    ],
    "derivation": null,
    "related": {
      "same_concept": [],
      "inputs": [],
      "used_by": []
    },
    "upcoming": [],
    "first_published": {
      "release": 1,
      "recorded_at": "2026-10-11T05:56:59Z"
    },
    "last_changed": {
      "release": 12,
      "recorded_at": "2026-10-13T08:24:56Z"
    },
    "cite_as": "Home Equity Access Scheme interest rate: 3.95% a year, applies from 1 January 2022. Official source: Services Australia, Home Equity Access Scheme (last checked 11 October 2026). Retirement Wealth, https://retirementwealth.com.au/rules/home-equity/heas-interest-rate/",
    "links": {
      "self": "https://retirementwealth.com.au/api/v2/figures/heas_interest_rate.json",
      "page": "https://retirementwealth.com.au/rules/home-equity/heas-interest-rate/",
      "current_value": "https://retirementwealth.com.au/api/v2/figures/heas_interest_rate/2022-01-01.json"
    },
    "timeline": [
      {
        "value": 3.95,
        "display_value": "3.95% a year",
        "ratio": 0.0395,
        "effective_from": "2022-01-01",
        "effective_to": null,
        "basis": "value",
        "status": "in_force",
        "source": {
          "title": "Home Equity Access Scheme",
          "publisher": "Services Australia",
          "url": "https://www.servicesaustralia.gov.au/home-equity-access-scheme",
          "type": "primary"
        },
        "verification": {
          "status": "verified_primary",
          "checked_on": "2026-10-11"
        },
        "notes": null,
        "url": "https://retirementwealth.com.au/api/v2/figures/heas_interest_rate/2022-01-01.json"
      },
      {
        "value": 4.5,
        "display_value": "4.5% a year",
        "ratio": 0.045,
        "effective_from": "2020-01-01",
        "effective_to": "2021-12-31",
        "basis": "value",
        "status": "superseded",
        "source": {
          "title": "Social Security (Pension Loans Scheme - Rate of Compound Interest) Determination 2019",
          "publisher": "legislation.gov.au",
          "url": "https://www.legislation.gov.au/F2019L01613/asmade/2019-12-13/text/original/epub/OEBPS/document_1/document_1.html",
          "type": "primary"
        },
        "verification": {
          "status": "verified_primary",
          "checked_on": "2026-10-11"
        },
        "notes": null,
        "url": "https://retirementwealth.com.au/api/v2/figures/heas_interest_rate/2020-01-01.json"
      }
    ]
  }
}