The ATO benchmark interest rate is the minimum interest rate that must be charged on a Division 7A complying loan to prevent a deemed dividend arising. The ATO sets this rate each financial year based on the Reserve Bank of Australia's indicator lending rate for standard variable housing loans. In ChangeGPS Division 7A, the benchmark rate is automatically applied to each loan based on the financial year in which the loan was made — not the current financial year. For example, a loan made in FY2022 will have the FY2022 benchmark rate applied. You can view the applicable rate in a tooltip next to the Interest Rate field in Step 2, or reset to the benchmark at any time by selecting Use Benchmark.