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Thread: Debt collection

  1. #16
    Member Victoria jal2007's Avatar
    Join Date
    Nov 2013
    Location
    Clayton, Victoria
    Posts
    500

    Default Re: Debt collection

    The Statutory Interest rate for loans as set by the ATO is currently 7.4%. Many service providers will charge interest on unpaid accounts at 2-3%, some will use the current ATO statutory rate, and others will charge up to 10%, as well as a late fee.

    You are allowed to charge late fees and/or interest on your unpaid bills, if:

    1. it is in the Terms and Conditions that the customer has already signed prior to you providing the product or service, and;
    2. certainly it was known and agreed before any credit was extended to the client, and
    3. so long as the charge is within what would be deemed “fair and reasonable” if it were brought in front of a magistrate.
    - See more at: http://www.sjbookkeeping.com.au/over....grdJKBQI.dpuf

  2. #17
    Senior Member djkgrounds's Avatar
    Join Date
    Sep 2012
    Location
    Deception Bay Qld
    Posts
    641

    Default Re: Debt collection

    Get these and add to your invoice, worked for me
    http://www.prushka.com.au/forms/requ...tem_sample.cfm
    DJK Grounds & Gardens
    0416 931 867
    http://www.facebook.com/DJKGrounds?ref=hl

  3. #18
    Senior Member Bluey's Avatar
    Join Date
    Jul 2008
    Location
    Adelaide
    Posts
    5,863

    Default Re: Debt collection

    Just a question. Why are they renigging on payment and why are they going to Dept of Fair Trade? Whats their gripe now if they liked the job when done?
    Cheers

    Bluey
    Adelaide Home & Garden Solutions
    http://www.ahgs.com.au


    "Success occurs when no one is looking, failure occurs when everyone is watching."

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