Document background
The Late Fee Notice is a crucial document in Australian business operations, used when customers have failed to make payments by the original due date. This document serves as a formal reminder and notification of additional fees incurred due to late payment. It must be drafted in accordance with Australian Consumer Law, state-specific fair trading regulations, and industry-specific requirements where applicable. The notice should be issued within a reasonable timeframe after the payment becomes overdue and must clearly state the original amount, late fees applied, calculation method, and new payment deadline. It's essential that the Late Fee Notice maintains a professional and non-threatening tone while clearly communicating the seriousness of the situation and potential consequences of continued non-payment.
