The Confirmation Letter of Payment Received is an essential business document used in Australian commercial practice to formally acknowledge the receipt of funds. This document is particularly important in the Australian business environment where it serves multiple purposes: it provides evidence of payment for tax purposes under the Income Tax Assessment Act 1997, serves as a legal record of transaction completion, and helps maintain clear financial records for both parties involved. The letter typically includes specific details such as payment amount, date, method, and purpose, and may be required for audit trails, tax documentation, or dispute resolution. It's commonly used in both business-to-business and business-to-consumer contexts, and its format should comply with Australian electronic transactions legislation when issued digitally.

1. Letter Header: Company letterhead, date, reference number, and recipient's details

2. Subject Line: Clear indication that this is a confirmation of payment received

3. Payment Details: Specific amount received, date of receipt, payment method, and any reference numbers

4. Purpose of Payment: Description of what the payment was for (invoice number, goods/services, etc.)

5. Confirmation Statement: Clear statement confirming receipt of the payment

6. Contact Information: Details of who to contact for any queries regarding the payment

7. Signature Block: Authorized signatory's name, position, and signature