IN CONSIDERATION of Nexus Electrical & Climate ABN 35 690 318 837 (hereinafter referred to as “NEC”) providing commercial credit facilities to the party completing the application (hereinafter referred to as “the Client”) annexed to these conditions:
- (i)The Client acknowledges and agrees that the following applies to and forms part of any contract for the supply of Goods and/or Services by NEC and that these General Terms and Conditions take precedence over any terms and conditions which may be contained in any document provided by the Client. Any request from the Client to NEC for the supply of Goods and/or Services shall constitute acceptance of these general terms and conditions.
- (ii)The Client acknowledges that where the Client consists of more than one party or entity, liability shall be joint and several.
- (iii)These terms and conditions, including any Credit Limits set by NEC, are effective from the date of acceptance by the Client and may be amended or superseded from time to time by notice given by NEC by any means. Unless or except specifically excluded herein, NEC and the Client retain any rights and remedies available to them in any prior or pre-existing agreement.
- (iv)“Goods” and/or “Collateral” shall mean all Goods and/or services supplied by NEC to the Client, or ordered by the Client but not yet supplied, and includes Goods and/or services described on any quotation, invoice, purchase order or any other document including any recommendations and advice and over which NEC may intend to register a Security Interest. “Price” shall mean the cost of the Goods as referred to in NEC’s price lists, prepared quotes and/or specific arrangements and shall be subject to change from time to time without notice.
1.Personal Property Securities Act (2009)
- (a)promptly sign any further documents and/or provide any further information (such information to be complete, accurate and up-to-date in all respects) which NEC may reasonably require to: (i) register a financing statement or financing change statement in relation to a security interest on the Personal Property Securities Register; (ii) register any other document required to be registered by the PPSA; or (iii) correct a defect in a statement referred to in clause 1.3(a)(i) or 1.3(a)(ii);
- (b)indemnify, and upon demand reimburse, NEC for all expenses incurred in registering a financing statement or financing change statement on the Personal Property Securities Register established by the PPSA or releasing any Goods charged thereby;
- (c)not register a financing change statement in respect of a security interest without the prior written consent of NEC;
- (d)not register, or permit to be registered, a financing statement or a financing change statement in relation to the Goods and/or collateral (account) in favour of a third party without the prior written consent of NEC;
- (e)immediately advise NEC of any material change in its business practices of selling the Goods which would result in a change in the nature of proceeds derived from such sales.
2.Privacy
- (a)to assess an application by the Client; and/or
- (b)to notify other credit providers of a default by the Client; and/or
- (c)to exchange information with other credit providers as to the status of this credit account, where the Client is in default with other credit providers; and/or
- (d)to assess the creditworthiness of the Client including the Client’s repayment history in the preceding two (2) years.
- (a)the provision of Services; and/or
- (b)analysing, verifying and/or checking the Client’s credit, payment and/or status in relation to the provision of Services; and/or
- (c)processing of any payment instructions, direct debit facilities and/or credit facilities requested by the Client; and/or
- (d)enabling the collection of amounts outstanding in relation to the Services.
- (a)to obtain a consumer credit report;
- (b)allow the CRB to create or maintain a credit information file about the Client including credit history.
- (a)personal information as outlined in 2.1 above;
- (b)name of the credit provider and that NEC is a current credit provider to the Client;
- (c)whether the credit provider is a licensee;
- (d)type of consumer credit;
- (e)details concerning the Client’s application for credit or commercial credit (e.g. date of commencement/termination of the credit account and the amount requested);
- (f)advice of consumer credit defaults, overdue accounts, loan repayments or outstanding monies which are overdue by more than sixty (60) days and for which written notice for request of payment has been made and debt recovery action commenced or alternatively that the Client no longer has any overdue accounts and NEC has been paid or otherwise discharged and all details surrounding that discharge (e.g. dates of payments);
- (g)information that, in the opinion of NEC, the Client has committed a serious credit infringement;
- (h)advice that the amount of the Client’s overdue payment is equal to or more than one hundred and fifty dollars ($150).
- (a)a copy of the information about the Client retained by NEC and the right to request that NEC correct any incorrect information; and
- (b)that NEC does not disclose any personal information about the Client for the purpose of direct marketing.
3.Price and Payment
- (a)as indicated on invoices provided by NEC to the Client in respect of Services performed or Goods supplied; or
- (b)NEC’s quoted Price (subject to clause 3.2) which shall be binding upon NEC provided that the Client shall accept NEC’s quotation in writing within thirty (30) days of the date of the quotation.
- (a)If a variation to the Goods which are to be supplied is requested; or
- (b)if a variation to the Services originally scheduled (including any applicable plans or specifications) is requested; or
- (c)where additional Services are required due to the discovery of hidden or unidentifiable difficulties (including, but not limited to, limitations to site accessibility, availability of machinery, safety considerations, prerequisite work by a third party not completed or up to suitable standards, or hidden pipes, and wiring in walls, asbestos removal etc) which are only discovered on commencement of the Services; or
- (d)In the event of increases to NEC in the cost of labour or Goods which are beyond NEC’s control.
- (a)on completion of the Services; or
- (b)before commencement of the Services; or
- (c)the date specified on any invoice or other form as being the date for payment; or
- (d)failing any notice to the contrary, the date which is fourteen (14) days following the date of any invoice given to the Client by NEC.
4.Default and Consequences of Default
- (a)any money payable to NEC becomes overdue, or in NEC’s opinion the Client will be unable to make a payment when it falls due;
- (b)the Client has exceeded any applicable credit limit provided by NEC;
- (c)the Client becomes insolvent or bankrupt, convenes a meeting with its creditors or proposes or enters into an arrangement with creditors, or makes an assignment for the benefit of its creditors; or
- (d)a receiver, manager, liquidator (provisional or otherwise) or similar person is appointed in respect of the Client or any asset of the Client.
5.Security and Charge
6.Title
- (a)the Client has paid NEC all amounts owing to NEC; and
- (b)the Client has met all of its other obligations to NEC.
- (a)the Client is only a bailee of the Goods and unless the Goods have become fixtures must return the Goods to NEC on request.
- (b)the Client holds the benefit of the Client’s insurance of the Goods on trust for NEC and must pay to NEC the proceeds of any insurance in the event of the Goods being lost, damaged or destroyed.
- (c)the production of these terms and conditions by NEC shall be sufficient evidence of NEC’s rights to receive the insurance proceeds direct from the insurer without the need for any person dealing with NEC to make further enquiries.
- (d)the Client must not sell, dispose, or otherwise part with possession of the Goods other than in the ordinary course of business and for market value. If the Client sells, disposes or parts with possession of the Goods then the Client must hold the proceeds of any such act on trust for NEC and must pay or deliver the proceeds to NEC on demand.
- (e)the Client should not convert or process the Goods or intermix them with other Goods but if the Client does so then the Client holds the resulting product on trust for the benefit of NEC and must sell, dispose of or return the resulting product to NEC as it so directs.
- (f)unless the Goods have become fixtures the Client irrevocably authorises NEC to enter any premises where NEC believes the Goods are kept and recover possession of the Goods.
- (g)NEC may recover possession of any Goods in transit whether or not delivery has occurred.
- (h)The Client will not charge or grant an encumbrance on Goods or give away any interest in the Goods while they remain the property of NEC.
- (i)NEC may start proceedings to recover the Price of the Goods sold notwithstanding that ownership of the Goods has not passed to the Client.
7.Risk
- (a)where NEC is supplying Goods only, all risk for the Goods shall immediately pass to the Client on delivery and the Client must insure the Goods on or before delivery. Delivery of the Goods shall be deemed to have taken place immediately at the time that either: (i) the Client or the Client’s nominated carrier takes possession of the Goods at NEC’s address; or (ii) the Goods are delivered by NEC or NEC’s nominated carrier to the Client’s nominated delivery address (even if the Client is not present at the address).
- (b)where NEC is to both supply and install Goods then NEC shall maintain a contract services insurance policy until the services are completed. Upon completion of the Services all risk for the Services shall immediately pass to the Client.
- (a)NEC accepts no responsibility or liability for any loss, damages, or costs however resulting from these inaccurate plans, specifications or other information;
- (b)NEC is entitled to suspend or terminate the supply of Goods or Services to the Client if there is a material change to the scope of Services as a result of inaccurate plans, specifications or other information or should any unforeseen circumstance occur during the Services;
- (c)the Client shall be liable for NEC’s costs of de-mobilisation or re-mobilisation of any plant, equipment or staff to or from the site, upon the re-commencement of the Services at the site, if applicable; and
- (d)NEC will not be liable to the Client for any loss or damage the Client suffers because NEC has exercised its rights under this clause.
- (a)Reduce in volume, fade or change colour over time; and
- (b)expand, contract or distort as a result of exposure to heat, cold, weather; and
- (c)mark or stain if exposed to certain substances; and
- (d)be damaged or disfigured by impact or scratching; and
- (e)show variations of texture and surface finish. Whilst NEC will make every effort to match sales samples to the finished Goods NEC accepts no liability whatsoever: (i) where such samples differ to the finished Goods supplied; or (ii) for any loss, damages or costs howsoever arising resulting from any texture and surface finish between different batches of product.
8.Delivery
9.Defects, Warranties and Returns, Competition and Consumer Act 2010 (CCA)
- (a)limited to the value of any express warranty or warranty card provided to the Client by NEC at NEC’s sole discretion;
- (b)limited to any warranty to which NEC is entitled, if NEC did not manufacture the Goods;
- (c)otherwise negated absolutely.
- (a)the Client has complied with the provisions of clause 16; and
- (b)NEC has agreed that the Goods are defective; and
- (c)the Goods are returned within a reasonable time at the Client’s cost (if that cost is not significant); and
- (d)the Goods are returned in as close a condition to that in which they were delivered as is possible.
- (a)the Client failing to properly maintain or store any Goods;
- (b)the Client using the Goods for any purpose other than that for which they were designed;
- (c)the Client continuing to use any Goods after any defect became apparent or should have become apparent to a reasonably prudent operator or user;
- (d)interference with the Services by the Client or any third party without NEC’s prior approval;
- (e)the Client failing to follow any instructions or guidelines provided by NEC;
- (f)fair wear and tear, any accident, or act of God.
- (a)NEC are not responsible in any way for second hand Goods sold by them, and, in particular, are not responsible for any faults or defects in any second hand Goods purchased.
- (b)The Client understands and accepts that no warranty applies to second hand Goods unless specified by NEC.
- (c)The Client understands that the responsibility is theirs with respect to the safe use of second hand Goods and to ensure all safety devices are installed and checked by a competent authority before they are used.
- (d)The Client understands when no safety devices are installed on second hand Goods, it is their responsibility to make all necessary enquiries and as to whether such devices are needed and if needed, have installed in compliance with all standards of safety and ensuring the safety standards comply with the relevant occupational health and safety requirements.
- (e)If the Client sells the second hand Goods purchased, they will advise the buyer that no warranty applies.
- (f)NEC shall not be liable for any defects, malfunctions, claims for loss, damage or injury of any kind whatsoever, whether to the Client or to any party purchasing second hand Goods from the Client.
10.Cancellation
11.Intellectual Property
12.Jurisdiction
13.Acceptance
14.Errors and Omissions
- (a)resulting from an inadvertent mistake made by NEC in the formation and/or administration of this contract; and/or
- (b)contained in/omitted from any literature (hard copy and/or electronic) supplied by NEC in respect of the Services.
15.Change in Control
16.Provision of the Services
- (a)make a selection; or
- (b)have the site ready for the Services; or
- (c)notify NEC that the site is ready.
17.Client Responsibilities
18.Access
The Client shall ensure that NEC has clear and free access to the site at all times to enable them to undertake the Services. NEC shall not be liable for any loss or damage to the site (including, without limitation, damage to pathways, driveways and concreted or paved or grassed areas) unless due to the negligence of NEC.
19.Compliance with Laws
20.Building and Construction Industry Security of Payments Act 2009
21.Service of Notices
- (a)by handing the notice to the other party, in person;
- (b)by leaving it at the address of the other party as stated in this contract;
- (c)by sending it by registered post to the address of the other party as stated in this contract;
- (d)if sent by facsimile transmission to the fax number of the other party as stated in this contract (if any), on receipt of confirmation of the transmission;
- (e)if sent by email to the other party’s last known email address.
22.Trusts
- (a)the contract extends to all rights of indemnity which the Client now or subsequently may have against the Trust and the trust fund;
- (b)the Client has full and complete power and authority under the Trust to enter into the contract and the provisions of the Trust do not purport to exclude or take away the right of indemnity of the Client against the Trust or the trust fund. The Client will not release the right of indemnity or commit any breach of trust or be a party to any other action which might prejudice that right of indemnity.
- (c)the Client will not without consent in writing of NEC (NEC will not unreasonably withhold consent), cause, permit, or suffer to happen any of the following events: (i) the removal, replacement or retirement of the Client as trustee of the Trust; (ii) any alteration to or variation of the terms of the Trust; (iii) any advancement or distribution of capital of the Trust; or (iv) any resettlement of the trust property.
23.Force Majeure
Neither party shall be liable for any default due to any act of God, war, terrorism, strike, lock-out, industrial action, fire, flood, storm or other event beyond the reasonable control of either party.
24.General
- (a)a lien on the Goods for the price while NEC is in possession of them,
- (b)in case of the insolvency of the Client a right of stopping the Goods in transit after NEC has parted with the possession of them,
- (c)a right of resale as limited by this Act.
Schedule
Guarantee and Indemnity
IN CONSIDERATION OF Nexus Electrical & Climate ABN 35 690 318 837 (hereinafter referred to as “NEC”) granting the Client (as named in the Application for Credit and which forms a part of this document) trade credit, I/WE GUARANTEE payment to NEC of all monies and performance of all obligations including any past, present and future indebtedness or obligation by the Client or any of us arising from any past, present future dealing with NEC.
I/WE HEREBY AGREE & ACKNOWLEDGE:
- That this is a continuing guarantee and,
- To indemnify NEC against all loss or damage arising from any past, present future dealing with the Client or any of us,
- That our liability under this guarantee is joint and several and will not be affected, waived or discharged by the reason of any time or indulgences granted by NEC or any grant to any of the guarantors of a release whether in whole or in part from any obligation contained in or implied by this guarantee and indemnity and,
- That our liability under this guarantee shall not be affected, waived or discharged by the Client entering into a Deed of Supplier Arrangement (DOCA) or by NEC voting in favor of or against, or abstaining from voting, in relation to any proposal by the Client to enter a DOCA and,
- That this guarantee becomes binding on such of us that sign this guarantee irrespective of whether or not all intended signatories execute this guarantee and,
- That NEC is entitled to recover against a Guarantor without having first taken steps to recover against the Client or any other Guarantor and,
- That this guarantee may not be unilaterally revoked by me or any of us and remains in force until such time as I/we receive written confirmation from NEC that we are released from our obligations and liabilities under this guarantee.
- That any payment which is subsequently avoided by any law relating to insolvency shall be deemed not to have been paid and,
- That I/we indemnify NEC against losses or costs that it may suffer as a result of disgorging monies to a liquidator of the Client and,
- That I/we sign in both our personal capacity and as Trustee of every Trust of which I/we are Trustee and/or a beneficiary and,
- That I/we consent to NEC effecting a registration on the PPSA register (in any manner NEC deems appropriate) in relation to any security interest arising under or in connection with or contemplated by these terms and,
- That I/we waive my/our right to receive notice of a verification statement in relation to any registration on the register and,
- That I/we must promptly do any act or thing that NEC requires to ensure that NEC’s interest is a perfected security interest and has priority over all of the other security interests and,
- That I/we will not register a financing change statement in respect of the security interest without NEC’s prior written consent and,
- That NEC may, at its absolute discretion, apply any amounts received from me/us toward amounts owing to NEC in such order as NEC may determine and,
- That if Chapter 4 of the PPSA would otherwise apply to the enforcement of a security interest arising in connection with these terms, I/we agree that the following provisions of the PPSA will not apply to the enforcement of these terms: section 95 (notice of removal of accession), to the extent that it requires NEC to give a notice to the Client; section 96 (when a person with an interest in the whole may retain an accession); subsection 121(4) (enforcement of liquid assets — notice to grantor); section 125 (obligation to dispose of or retain collateral); section 130 (notice of disposal), to the extent that it requires NEC to give a notice to the Client; paragraph 132(3)(d) (contents of statement of account after disposal); subsection 132(4) (statement of account if no disposal); subsection 134(1) (retention of collateral); section 135 (notice of retention); section 142 (redemption of collateral); and, section 143 (reinstatement of security agreement) and,
- That notices or documents required or permitted to be given to NEC for the purposes of the PPSA must be given in accordance with the PPSA and,
- That NEC will not disclose information of the kind mentioned in subsection 275(1) of the PPSA except in circumstances required by paragraphs 275(7)(b)-(e) and,
- I/We must, upon demand, reimburse NEC for all costs and/or expenses incurred or payable by NEC in relation to registering or maintaining any financing statement or any other document in respect of any security interest or releasing in part or in whole NEC’s security interest and,
- In these terms, the following words have the respective meanings given to them in the PPSA: commingled, financing statement, financing change statement, perfected, proceeds, register, registration, security interest and verification statement.
I/WE HEREBY CHARGE in favor of NEC all our estate and interest in any land and in any other assets, whether tangible or intangible, freehold or leasehold, in which I/we now have any legal or beneficial interest or in which I/we later acquire any such interest, with payment of all monies owed by the Client to NEC. I/we shall, upon demand, execute such documents in registrable form, or do such other things as NEC requests to give further or better effect to the security granted by me/us to NEC and I/we consent to the lodging by NEC of a caveat or caveats which note its interest in or over any such land or other caveatable property. In the event that I/we should neglect or fail to deliver the requested instrument of security or consent, I/we hereby appoint NEC to be my/our lawful attorney for the purpose of executing and registering such instruments.
I/WE FURTHER AGREE that this agreement shall be governed by and construed in accordance with the laws of the State of South Australia and, where applicable, the Commonwealth of Australia, and I/WE submit to the non-exclusive jurisdiction of the courts of South Australia.
Notice of Disclosure of Your Credit Information to a Credit Reporting Agency
I/We acknowledge and give consent that NEC may make enquiries as to the credit and financial situation of any of us and further consent to the use of any information obtained as a result of those enquiries, including information disclosed in the Credit Application, as NEC reasonably sees fit from time to time, and for the duration of this agreement, including but not limited to:
- passing the information on to a credit reporting agency
- passing the information on to a debt collector
- obtaining further personal information relating to any of us from another body for any use reasonably connected with provision of credit or the collection of debt subject to the provisions of the Privacy Amendment (Enhancing Privacy Protection) Act 2012 which amends the Privacy Act 1988 (Cth).
- the consent hereby given shall remain in force until all monies owing have been paid in full and the Client no longer has an open account with NEC.
General
- “I” and “we” and “us” means each of the Guarantors jointly and severally.
- “PPSA” and “Goods” have the meaning ascribed to them in the Application for 30 Day Credit Account which forms a part of this document.
- The invalidity or unenforceability of any provision of this Guarantee and Indemnity shall not affect the validity or enforceability of the remaining provisions.
- Clerical errors are subject to correction and do not bind NEC.
Small Business applicants are advised that, should any of the Terms or Conditions contained herein be considered by them to be ‘unfair’, they should contact Nexus Electrical & Climate to further discuss and negotiate before proceeding with the application.
Nexus Electrical & Climate reserves the right to refuse credit to any Applicant without explanation.
Nexus Electrical & Climate reserves the right to suspend or withdraw credit facilities at any time without notice. Special Note: if the Client acts as, or is part of, a Trust/Nominee Entity then the provision of personal guarantee/s from the Trust Beneficiary/Beneficiaries is required to process this application.