The Acknowledgement Receipt For Borrowed Money is a critical document used in Australian lending transactions to formally document the borrowing of money between parties. This document is essential when loans are made, whether between individuals, businesses, or financial institutions, providing legal protection and clear evidence of the transaction. It should be used whenever money is borrowed to ensure proper documentation of the loan terms, amount, and repayment obligations. The document must comply with Australian federal and state-specific lending laws, including the National Consumer Credit Protection Act 2009 and relevant state legislation. It serves as both a receipt and a legally binding agreement, containing key information such as the loan amount, payment terms, interest rates (if applicable), and the identities of all involved parties.

1. Date and Location: The date when the money was borrowed and location where the transaction took place

2. Parties: Full legal names and addresses of the lender and borrower

3. Loan Amount: The exact amount borrowed, expressed in both numbers and words to avoid any ambiguity

4. Acknowledgment Statement: Clear statement acknowledging receipt of the borrowed money

5. Repayment Terms: Specific details about when and how the money will be repaid, including payment schedule if applicable

6. Interest Rate: Statement of any applicable interest rate and how it is calculated

7. Execution: Signature blocks for both parties and witness(es) if required