AGREEMENT
1. All invoices are to be paid 30 days from the end of the month of the date of the invoice unless otherwise stated. No additional goods or services are supplied to accounts with an overdue balance.
2. When approval goods sent to the applicant are accepted and invoiced, the invoice date will be as the approval date.
3. Postage is payable on returned goods.
4. All overdue invoices bear interest of 15% per annum (or maximum allowed by law) on unpaid balance over 60 days. A $20 returned payment fee applies for any declined cheques/automatic withdrawals.
5. In the event of default of payment when due, all costs of collection, including legal fees and court costs, shall be paid by the applicant.
6. Any credit extended to the applicant may be reduced or eliminated in the event O’Neils Affiliated Pty Ltd, in its reasonable discretion, determines that the applicant’s financial situation or ability to pay is impaired.
7. By submitting this application, you authorise O’Neils Affiliated Pty Ltd to make inquiries into the banking and business/trade references that you have supplied.
8. O’Neils Affiliated Pty Ltd hereby advises that, pursuant to s.18E (8) of the Privacy Act 1988, information disclosed in this credit application may be disclosed to a credit reporting agency. Under Section 18E (8) (c) of the Privacy Act 1988 O’Neils Affiliated Pty Ltd is allowed to give a credit reporting agency personal information about your credit application. Information which may be given to an agency is covered by Section 18E (1) of the Act and includes; identity particulars (as permitted by the Privacy Commissioner’s determination issued under Section 18E (3)); the fact that you have applied for credit and the amount, the fact that O’Neils Affiliated Pty Ltd is a credit provider to you, payments that become overdue by more than sixty (60) days and for which collection action has commenced; advice that payments are no longer overdue; cheques drawn by you which have been dishonoured more than once; in specific circumstances, that in the opinion of O’Neils Affiliated Pty Ltd, you have committed a serious credit infringement; that credit provided to you by O’Neils Affiliated Pty Ltd has been paid or otherwise discharged. Pursuant to ss. 18K (1) and 18N (1) of the Privacy Act 1988 and paragraph 2.12 of the Credit Reporting Code of Conduct issued under s. 18A of that Act, you hereby agree to O’Neils Affiliated Pty Ltd obtaining personal information from a credit reporting agency or a credit provider for the purpose of assessing this application for commercial credit (including information as to credit worthiness); and agree to that agency or provider providing that information to O’Neils Affiliated Pty Ltd for that purpose. You further agree to the obtaining from, and provision by, such agency or provider further credit reports which may assist O’Neils Affiliated Pty Ltd in recovering any sums outstanding under the terms of the commercial credit agreement to which this application may lead.