Default Fees & Charges

The following fees and charges apply should you default under the contract:

 

Default Fees

Payable under each separate event of default including default administration services and the issuing of default notices and/or Statements in relation to collection activities and the age of the default:

(i) Stage One: $15 when we have not received payment in full on due date and a Statement issues showing an “overdue – please pay immediately amount”

(ii) Stage Two: $15 when we have not received payment in full on due date and a Reminder Notice issues

(iii) Stage Three: $15 when we have not received payment in full on due date and an Overdue Notice issues; and

(iv) Stage Four: $15 when we have not received payment in full on due date and a Final Notice issues

 

Collection Fee 

Charged by an agent in collecting money due by you.

 

In the event a part payment is received on an outstanding balance we may at our absolute discretion defer your transition through the various stages of the collection process. In the event of a serious default we may accelerate your transition through the various stages of the collection process.

Default fees and charges are correct as at 6 November 2018. We may vary these default fees and charges and introduce new default fees and charges at any time.

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