What is a late fee
A late fee is an additional charge that can be imposed by authorities, including regulatory bodies in Australia, for the tardy submission of required tasks, documentation, and similar obligations.
Implementation of late fees
Typically, a warning notice is issued to the business indicating the potential imposition of late fees before an actual demand for payment is made.
Obligation to pay late fees
Generally, if a late fee is levied, it is expected to be paid. However, businesses often have the right to challenge the fee. There are channels for lodging an appeal if you consider the late fee to be unwarranted, which might postpone the payment while the dispute is being resolved.
If a late fee is enforced, it’s important to have appropriate communication channels to discuss the fee and the discretion to waive or adjust it based on the circumstances. Therefore, the obligation to pay late fees can be challenged, and there are channels for lodging an appeal if the late fee is considered unwarranted, which might postpone the payment while the dispute is being resolved.