Finance Charges
Finance charges are automatically applied to accounts with long overdue invoices.
To avoid paying the late fee, please send your remittance of invoices paid so we can void the finance charges.
As per our Terms and Conditions, interest on overdue invoices shall accrue daily from the date when the payment becomes due, until the date of the payment, at a rate of two and one half percent (2.5%) per calendar month and such interest shall compound monthly.
If any account remains overdue after thirty (30) days, we may charge, in addition to any other costs recoverable under these terms and conditions, the Customer will be liable for:
- an amount of the greater of twenty dollars ($20) or ten percent (10%) of the amount overdue shall be levied for administration fees which sum shall become immediately due and payable; and,
- any costs and expenses (including any commission payable to any commercial or mercantile agents and legal costs) incurred by Warringah IT in recovering any unpaid amounts under these terms; and,
- the expenses incurred by Warringah IT in regard to unsuccessful mediation if the Customer is ordered by a judgment to pay the outstanding amount in full or in part.