🇦🇺Australia

Late Payment Interest Charges

3 verified sources

Definition

Wholesalers impose monthly interest on overdue credit accounts, recoverable as liquidated damages, plus legal and collection costs when payments exceed terms.

Key Findings

  • Financial Impact: AUD 1.5-2% per month interest on overdue amounts + legal/collection fees[1][2][5]
  • Frequency: Monthly on overdue invoices
  • Root Cause: Manual COD/credit management fails to enforce payment deadlines

Why This Matters

The Pitch: Wholesale alcoholic beverages players in Australia 🇦🇺 waste AUD 1.5-2% per month on overdue accounts. Automation of credit term monitoring eliminates this interest leakage.

Affected Stakeholders

Credit Managers, Accounts Receivable Staff, Wholesale Directors

Deep Analysis (Premium)

Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

Debt Recovery Legal Expenses

AUD 5,000+ per recovery action in legal/collection costs (typical for commercial debt)[1][5]

GST/WET Non-Compliance on Credit Sales

AUD 200 minimum penalty per BAS lodgement failure + 20% shortfall penalty on GST/WET[3]

Fines for Delivery to Intoxicated Persons

AUD 24,000+ fine per offence

Failed Delivery Reporting Overhead

10-20 hours/month manual recording per high-volume wholesaler

Fines for Supplying Alcohol to Minors

AUD 24,000+ fine per offence

Lizenzverstöße und Strafzahlungen im Alkoholgewerbe

Quantified (logic-based): AUD 10,000–50,000 per enforcement event in fines and legal costs for liquor/excise breaches, plus 1–3 days of lost trading per suspension (for a wholesale warehouse turning over ~AUD 100,000/day, this equals AUD 100,000–300,000 in lost revenue).

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