When should a Commercial Payment Default be Registered?

  • Updated

If you have a payment owing that has gone beyond your agreed payment terms with another business, you can begin the steps to register a payment default against their ABN/ACN. To register a payment default against a Company, you must:

  • Confirm the amount is outstanding
  • Have attempted to recover the debt
  • Ensure this debt is relating to a commercial entity with an active ABN or ACN
  • Be greater than $100
  • Provide proof of debt documentation

If you are unsure as to where you stand, you can contact our support team here to discuss your situation.

 

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