03/02/2016

Trading Terms

  1. Payment in full is required within 7 days from date of invoice.

  2. An Account Keeping Fee of $20.00 per month will be imposed on overdue Accounts.

  3. In the event of the Customer being in default of his obligation to pay and the overdue account is then referred to a debt collection agency, and/or law firm for collection and the agency charges commission on a contingency basis the Customer shall be liable to pay as a liquidated debt.

    In the event where the Supplier or the Supplier’s agency refers the overdue account to a lawyer the Customer shall also pay as a liquidated debt the charges reasonably made or claimed by the lawyer on the indemnity basis.

  4. Overdue accounts will be subject to interest at the rate prescribed by the Penalty Interest Rates Act (QLD) plus 2%.

  5. Where more than one party is liable for payment of this account, they will be liable jointly and severally.

  6. The Customer covenants that the information provided in this Application is true and correct.

  7. Orders are subject to the terms and conditions notified to the Customer from time to time.

  8. Property in any goods sold will not pass until payment for those goods is made in full. The Customer shall keep such goods separate and shall allow access to the Supplier to repossess such goods where this account is more than 30 days overdue of where the Customer goes into receivership, liquidation or administration.

  9. Reference to an individual includes reference to his heirs and executors and reference to a company shall include its Receivers, Administrator and Liquidator.