Common use of Interest for late payment Clause in Contracts

Interest for late payment. Supplier may in its absolute discretion charge Customer interest on any account unpaid on the due date in accordance with the rate set by section 2 of the Penalty Interest Rate Act 1983 (Vic) from time to time from the due date until the account is paid in full by Customer.

Interest for late payment. Supplier may in its absolute discretion charge Customer interest on any account unpaid on the due date in accordance with the rate set by section 2 of the Penalty Interest Rate Act 1983 (Vic) from time to time from the due date until the account is paid in full by Customer.

Interest for late payment. Supplier may in its absolute discretion charge Customer interest on any account unpaid on the due date in accordance with the prescribed rate of interest set by section 2 101(7) of the Penalty Interest Rate Civil Procedure Act 1983 2005 (VicNSW) from time to time from the due date until the account is paid in full by Customer.