The Credit Invoice Template serves as a fundamental document for businesses extending credit terms to their customers in Australia. This template is specifically designed to comply with Australian legislation, including the National Consumer Credit Protection Act 2009, the Competition and Consumer Act 2010, and relevant GST laws. It should be used when a business needs to issue invoices with credit terms, combining standard invoice requirements with credit agreement elements. The template includes essential components such as GST calculations, credit terms, payment schedules, and privacy notices, making it particularly valuable for businesses engaged in B2B transactions where credit facilities are offered. The document ensures compliance with Australian credit reporting requirements and tax regulations while providing clear documentation of credit arrangements between parties.
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1. Invoice Header: Contains business logo, ABN, contact details, and invoice number
2. Billing Information: Details of both the credit provider and customer, including registered business names, ABNs, and contact information
3. Invoice Details: Invoice date, due date, credit terms, and payment methods
4. Product/Service Details: Itemized list of products/services, quantities, unit prices, and subtotals
5. GST Breakdown: Clear breakdown of GST components as required by Australian tax law
6. Payment Summary: Total amount, GST total, any discounts, and final amount payable
7. Credit Terms: Detailed credit payment terms, including credit limit, repayment schedule, and interest rates
8. Default Terms: Consequences of late payment, including late payment fees and default interest rates
9. Privacy Notice: Statement about handling of personal information and credit reporting
1. Trade Credit Insurance: Include when credit insurance is required or offered as part of the arrangement
2. Security Requirements: Include when specific security or guarantees are required for the credit facility
3. Direct Debit Authorization: Include when automatic payment arrangements are offered or required
4. Credit Check Authorization: Include when new customers require credit checks
5. Special Discounts: Include when early payment discounts or other special terms are offered
1. Schedule A - Payment Schedule: Detailed breakdown of payment installments, dates, and amounts
2. Schedule B - Interest Rate Calculations: Method of calculating interest and examples of calculations
3. Schedule C - Fee Schedule: Comprehensive list of all applicable fees and charges
4. Appendix 1 - Credit Application Form: Standard form for new credit applications
5. Appendix 2 - Direct Debit Request Form: Form for setting up automatic payments
6. Appendix 3 - Personal/Director Guarantee: Template for personal or director guarantees when required
Relevant legal definitions
Clauses
Relevant Industries
Retail
Wholesale
Manufacturing
Construction
Professional Services
Distribution
Technology
Industrial Supplies
Agriculture
Mining
Transport and Logistics
Relevant Teams
Finance
Accounts Receivable
Credit Control
Sales
Commercial
Legal
Compliance
Treasury
Tax
Relevant Roles
Finance Manager
Credit Controller
Accounts Receivable Officer
Commercial Manager
Financial Controller
Credit Risk Manager
Business Development Manager
Sales Manager
Compliance Officer
Chief Financial Officer
Accounts Manager
Treasury Manager
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