The Payment Agreement is a critical legal document used in Australian business operations to formalize and structure payment obligations between parties. It is particularly valuable when establishing regular payment arrangements, installment plans, or complex payment structures that require detailed documentation. The agreement ensures compliance with Australian financial regulations, including the National Consumer Credit Protection Act 2009 and relevant banking laws. It includes comprehensive terms covering payment schedules, methods, default provisions, and GST considerations. This document is essential for businesses operating in Australia seeking to establish clear, enforceable payment terms while maintaining compliance with local regulatory requirements. The Payment Agreement can be customized to accommodate various payment arrangements while maintaining its enforceability under Australian law.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let tiktok˰'s market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identifies and provides full details of all parties to the agreement
2. Background: Sets out the context and purpose of the payment agreement
3. Definitions and Interpretation: Defines key terms used in the agreement and establishes interpretation principles
4. Payment Obligations: Details the core payment amounts, frequency, and payment terms
5. Payment Method and Process: Specifies accepted payment methods and processing procedures
6. Time and Method of Payment: Establishes payment due dates, grace periods, and delivery methods
7. Default and Late Payment: Outlines consequences of late payment and default procedures
8. Records and Statements: Requirements for maintaining payment records and providing statements
9. Tax and GST: Addresses tax obligations and GST treatment of payments
10. Dispute Resolution: Procedures for resolving payment-related disputes
11. Term and Termination: Duration of the agreement and termination provisions
12. General Provisions: Standard clauses including notices, governing law, and entire agreement
1. Security Interest: Include when payments are secured against assets or require guarantees
2. Early Payment Discounts: Include when offering incentives for early payment
3. Interest on Late Payments: Include when charging interest on overdue amounts
4. Payment Reconciliation: Include for complex payment arrangements requiring regular reconciliation
5. Foreign Currency Provisions: Include when payments involve foreign currency transactions
6. Force Majeure: Include when needing to address payment obligations during unforeseen events
7. Electronic Payment Terms: Include when specifically dealing with electronic payment systems
8. Third-Party Payments: Include when payments may be made by or to third parties
9. Set-off Rights: Include when parties need right to set off mutual payment obligations
1. Payment Schedule: Detailed schedule of payment amounts and due dates
2. Bank Account Details: Specified bank accounts for making and receiving payments
3. Payment Calculation Method: Formula or method for calculating variable payments
4. Late Payment Interest Calculation: Method for calculating interest on late payments
5. Approved Payment Methods: List of approved payment methods and associated procedures
6. Form of Payment Notice: Template for payment notices and reminders
7. Direct Debit Authority: Form for authorizing direct debit payments if applicable
Relevant legal definitions
Clauses
Relevant Industries
Financial Services
Professional Services
Real Estate
Construction
Manufacturing
Retail
Technology
Healthcare
Education
Mining
Agriculture
Transport and Logistics
Hospitality
Energy and Utilities
Relevant Teams
Finance
Legal
Accounts Receivable
Accounts Payable
Treasury
Commercial
Compliance
Risk Management
Operations
Procurement
Credit Control
Relevant Roles
Chief Financial Officer
Finance Manager
Accounts Receivable Manager
Accounts Payable Manager
Financial Controller
Credit Manager
Treasury Manager
Commercial Manager
Contract Administrator
Legal Counsel
Compliance Officer
Risk Manager
Business Development Manager
Operations Manager
Procurement Manager
Find the exact document you need
Unregistered Sale Agreement With Possession
An Australian legal agreement allowing property possession before title transfer, setting out terms and conditions for interim occupation and eventual sale completion.
find out more
Consignment Agreement Form
An Australian-law governed agreement establishing terms for consignment sales arrangements, including commission structures and party responsibilities.
find out more
Business Lease Agreement
An Australian-law governed agreement establishing terms and conditions for commercial property leasing, including rent, maintenance, and usage rights.
find out more
General Tenancy Agreement
An Australian residential lease agreement that establishes the legal framework for property rental, compliant with state tenancy laws.
find out more
Residential Lease Agreement Form
An Australian-compliant residential lease agreement template establishing terms and conditions between landlord and tenant for residential property rental.
find out more
Written Agreement
An Australian law-compliant Written Agreement establishing legally binding terms between parties, suitable for various business relationships and transactions.
find out more
Simple Agreement
An Australian law-compliant Simple Agreement template suitable for various commercial arrangements, featuring essential contract elements and basic protections.
find out more
Side Agreement
An Australian law-governed Side Agreement that modifies or supplements an existing primary agreement between parties.
find out more
Lease Agreement With Option To Purchase
An Australian law-governed agreement combining property lease terms with a future purchase option, suitable for both residential and commercial properties.
find out more
Formal Agreement
Australian law-compliant Formal Agreement template with comprehensive contractual provisions suitable for various commercial relationships.
find out more
Casual Worker Contract
An Australian-compliant casual employment contract template establishing terms and conditions for casual workers under the Fair Work Act 2009.
find out more
Boilerplate Agreement
An Australian law-compliant template agreement establishing standard terms and conditions for business relationships.
find out more
Tooling Agreement
An Australian-law agreement governing the ownership, use, and maintenance of industrial tooling, dies, and specialized equipment between manufacturers and users.
find out more
Representation Agreement
An Australian-law governed agreement establishing the terms and conditions under which a representative may act on behalf of a principal.
find out more
Provisional Agreement
An Australian-law governed temporary contractual arrangement establishing interim terms and conditions between parties while working towards a permanent agreement or short-term objective.
find out more
Preliminary Agreement
An Australian law-governed framework document establishing initial terms and conditions for commercial negotiations, including both binding and non-binding provisions.
find out more
Lease With Option To Buy
An Australian agreement combining a property lease with a future purchase option, governed by Australian property law and regulations.
find out more
Land Agreement Between Two Parties
An Australian legal agreement governing land transfer or use between two parties, compliant with federal and state property laws.
find out more
Common Terms Agreement
An Australian law-governed master agreement establishing standard terms across multiple facility agreements in a syndicated financing arrangement.
find out more
Subordination Agreement Mortgage
An Australian law agreement establishing priority arrangements between multiple mortgage holders over the same property, setting out their respective rights and ranking of security interests.
find out more
Enforceable Contract
Australian-compliant enforceable contract template suitable for various business relationships, incorporating all essential elements required under Australian contract law.
find out more
Basic Contract
A standard Australian-law compliant contract template for establishing basic business agreements between parties.
find out more
Prenuptial Agreement
An Australian Binding Financial Agreement (prenuptial agreement) that outlines financial arrangements between prospective spouses under the Family Law Act 1975.
find out more
Rental Lease Agreement Form
An Australian-compliant legal document establishing the terms and conditions between landlord and tenant for residential property rental.
find out more
Contra Agreement
An Australian legal document governing the exchange of goods or services between parties without monetary payment, compliant with Australian contract law and GST regulations.
find out more
Lease Agreement
An Australian lease agreement governing the terms and conditions for property rental, compliant with federal and state property laws.
find out more
Contractual Agreement
An Australian law-governed agreement establishing formal business relationships between parties, outlining rights, obligations, and terms of engagement.
find out more
Security Agreement Form
An Australian legal document creating a security interest in personal property under the PPSA, detailing terms of security arrangements between secured parties and grantors.
find out more
Labour Contract Agreement For Construction Of House
An Australian-compliant labour contract agreement for residential house construction, outlining construction terms, responsibilities, and legal obligations.
find out more
Business Cooperation Agreement
An Australian law-governed agreement establishing terms for business cooperation between two or more entities.
find out more
Rolling Tenancy Agreement
An Australian periodic residential tenancy agreement that continues indefinitely until terminated by notice from either party, compliant with Australian tenancy laws.
find out more
Lodger Agreement
An Australian legal agreement between a property owner/head tenant and a lodger for shared living arrangements, covering room usage, facilities, payments, and house rules.
find out more
Consulting Agreement
An Australian-law governed agreement establishing terms and conditions for professional consulting services between a consultant and client.
find out more
Intent To Purchase Agreement
An Australian-law governed preliminary agreement outlining the intention to purchase assets, property, or business interests, establishing key transaction terms and conditions.
find out more
Head Of Terms Agreement
An Australian-law governed preliminary agreement outlining key commercial terms between parties, serving as a framework for negotiating definitive agreements.
find out more
Business Contract
Australian business contract template for commercial relationships, compliant with Australian law and adaptable to various business contexts.
find out more
Umbrella Agreement
An Australian law-governed master agreement establishing a framework for ongoing business relationships and future specific agreements between parties.
find out more
Share Purchase Agreement
An Australian law-governed agreement documenting the sale and purchase of shares in a company, including price, warranties, and completion mechanics.
find out more
Rent To Own Agreement Form
An Australian legal agreement establishing terms for a property rent-to-own arrangement, combining rental terms with a future purchase option.
find out more
Consulting Services Agreement
An Australian law agreement governing the provision of professional consulting services, establishing terms, conditions, and obligations between consultant and client.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)