account terms and conditions.

1. DEFINITIONS

In these Terms:

“ACL” means the Australian Consumer Law Schedule of the Competition and

Consumer Act 2010 (Cth) and its associated Regulations as amended; “Agreement”

means any agreement for the provision of goods or services by the Supplier to

the Customer; “consumer” is as defined in the ACL and in determining if the

Customer is a consumer, the determination is made if Customer is a consumer

under the Agreement; “Customer” means the person, jointly and severally if more

than one, acquiring goods or services from the Supplier; “goods” means goods

supplied by the Supplier to the Customer; “GST” means the Goods and Services tax

as defined in A New Tax System (Goods and Services Tax) Act 1999 (Cth) and its

associated Regulations as amended; “PPSA” means the Personal Property

Securities Act 2009 (Cth) and its associated Regulations as amended; “services”

means services supplied by the Supplier to the Customer; “Supplier” means Master

Floor Carpenters PTY LTD; and “Terms” means these Terms and Conditions of

Trade.

2. BASIS OF AGREEMENT

2.1 Unless otherwise agreed by the Supplier in writing, the Terms apply exclusively to

every Agreement and cannot be varied or replaced by any other terms, including the

Customer’s terms and conditions of purchase (if any).

2.2 Any quotation provided by the Supplier to the Customer for the proposed supply

of goods or services is:

(a) valid for 30 days;

(b) an invitation to treat only; and

(c) only valid if in writing.

2.3 The Terms may include additional terms in the Supplier’s quotation, which are

not inconsistent with the Terms.

2.4 An Agreement is accepted by the Supplier when the Supplier accepts, in writing

or electronic means, an o er from the Customer or provides the Customer with the

goods or services.

2.5 The Supplier has absolute discretion to refuse to accept any o er.

2.6 The Customer must provide the Supplier with its specific requirements, if any, in

relation to the goods and services.

2.7 The Supplier may vary or amend these Terms by written notice to the Customer

at any time. Any variations will apply to orders placed after the notice date.

3. PRICING

3.1 Unless stated prices quoted for the supply of goods and services do not include

GST and any other taxes or duties imposed on or in relation to the goods and

services.

3.2 If the Customer requests any variation to the Agreement, the Supplier may

increase the price to account for the variation.

3.3 Where there is any change in the costs incurred by the Supplier in relation to

goods or services, the Supplier may vary its price to take account of any such

change, by notifying the Customer.

4. PAYMENT

4.1 Unless otherwise agreed in writing:

(a) subject to 4.1(b), full payment for the goods or services must be made within the

agreed time in this application following delivery; and

(b) the Supplier reserves the right to require payment in full on delivery of the goods

or completion of the services.

4.2 Payment by cheque is not deemed made until the proceeds of the cheque have

cleared.

4.3 Payment terms may be revoked or amended at the Supplier’s sole discretion

immediately upon giving the Customer written notice.

4.4 The time for payment is of the essence.

5. PAYMENT DEFAULT

5.1 If the Customer defaults in payment by the due date of any amount payable to

the Supplier, then all money which would become payable by the Customer to the

Supplier at a later date on any account, becomes immediately due and payable

without the requirement of any notice to the Customer, and the Supplier may,

without prejudice to any of its other accrued or contingent rights:

(a) charge the Customer interest on any sum due at the rate of 10% per annum until

the date of payment in full;

(b) charge the Customer for, and the Customer must indemnify the Supplier from,

all costs and expenses (including without limitation all legal costs and expenses on

an indemnity basis) incurred by it resulting from the default or in taking action to

enforce compliance with the Agreement or to recover any goods;

(c) cease or suspend supply of any further goods or services to the Customer;

and/or

(d) by written notice to the Customer, terminate any uncompleted contract with the

Customer.

5.2 Clauses 5.1(c) and 5.1(d) may also be relied upon, at the Supplier’s option:

(a) where the Customer is a natural person and becomes bankrupt or enters into any

scheme of arrangement or any assignment or composition with or for the benefit of

his or her creditors or any class of his or her creditors generally; or

(b) where the Customer is a corporation and, it enters into any scheme of

arrangement or any assignment or composition with or for the benefit of its creditors

or any class of its creditors generally, or has a liquidator, administrator, receiver or

manager or similar functionary appointed in respect of its assets, or any action is

taken for, or with the view to, the liquidation (including provisional liquidation),

winding up or dissolution without winding up of the Customer.

6. PASSING OF PROPERTY

6.1 Until the Supplier receives full payment in cleared funds for all goods and services

supplied by it to the Customer, as well as all other amounts owing to the Supplier by

the Customer:

(a) title and property in all goods remain vested in the Supplier and do not pass to

the Customer;

(b) the Customer must hold the goods as fiduciary bailee and agent for the Supplier;

(c) the Customer must keep the goods separate from its goods and maintain the

Supplier’s labelling and packaging;

(d) the Customer must hold the proceeds of sale of the goods on trust for the

Supplier in a separate account with a bank to whom the Customer has not given

security, however failure to do so will not a ect the Customer’s obligation as trustee;

and

(e) in addition to its rights under the PPSA, the Supplier may without notice, enter

any premises where it suspects the goods are and remove them, notwithstanding that

they may have been attached to other goods not the property of the Supplier, and

for this purpose the Customer irrevocably licenses the Supplier to enter such

premises and indemnifies the Supplier from and against all costs, claims, demands or

actions by any party arising from such action.

7. PERSONAL PROPERTY SECURITIES ACT

7.1 Notwithstanding anything to the contrary contained in these Terms, the PPSA

applies to these Terms.

7.2 For the purposes of the PPSA:

(a) terms used in clause 7 that are defined in the PPSA have the same meaning as in

the PPSA;

(b) these Terms are a security agreement and the Supplier has a PMSI in all present

and future goods supplied by the Supplier to the Customer and the proceeds of the

goods;

(c) the security interest is a continuing interest irrespective of whether there are

tmimone;ie asn odr obligations owing by the Customer at any particular

(d) the Customer must do whatever is necessary in order to give a valid security

interest over the goods which is able to be registered by the Supplier on the Personal

Property Securities Register.

7.3 The security interest arising under this clause 7 attaches to the goods when the

goods are collected or dispatched from the Supplier’s premises and not at any later

time.

7.4 Where permitted by the PPSA, the Customer waives any rights to receive the

notifications, verifications, disclosures or other documentation specified under

sections 95, 118, 121(4), 130, 132(3)(d), 132(4), 135 and 157 of the PPSA.

7.5 The Supplier and the Customer agree to contract out of and nothing in the

provisions of sections 96, 125, 129, 142 and 143 of the PPSA will apply to these

Terms.

7.6 To the extent permitted by the PPSA, the Customer agrees that:

(a) the provisions of Chapter 4 of the PPSA which are for the benefit of the

Customer or which place obligations on the Supplier will apply only to the extent that

they are mandatory or the Supplier agrees to their application in writing; and

(b) where the Supplier has rights in addition to those in Chapter 4 of the PPSA,

those rights will continue to apply.

7.7 The Customer must immediately upon the Supplier’s request:

(a) do all things and execute all document necessary to give e ect to the security

interest created under this Agreement; and

(b) procure from any person considered by the Supplier to be relevant to its security

position such agreements and waivers (including as equivalent to those above) as the

Supplier may at any time require.

7.8 The Supplier may allocate amounts received from the Customer in any manner

the Supplier determines including in any manner required to preserve any PMSI it has

in goods supplied by the Supplier.

7.9 For the purposes of section 275(6) of the PPSA, the parties agree and undertake

that these Terms and any information pertaining to the sale of goods and details of

the goods shall be kept confidential at all times. Neither party may disclose any

information pertaining to these Terms or the sale of the goods, except as otherwise

required by law or that is already in the public domain.

8. RISK AND INSURANCE

8.1 The risk in the goods and all insurance responsibility for theft, damage or

otherwise will pass to the Customer immediately on the goods being delivered to the

Customer or taken from the Supplier’s premises.

8.2 The goods are sold to the Customer on the basis that the Customer has

obtained all necessary licences or permits under all relevant laws and regulations in

relation to the goods.

8.3 The Customer assumes all risk and liability for loss, damage or injury to persons

or to property of the Customer, or third parties arising out of the use installation or

possession of any of the goods sold by the Supplier, unless recoverable from the

Supplier on the failure of any statutory guarantee under the ACL.

9. PERFORMANCE OF AGREEMENT

9.1 Any period or date for delivery of goods or provision of services stated by the

Supplier is an estimate only and not a contractual commitment.

9.2 The Supplier will use its reasonable endeavours to meet any estimated dates for

delivery of the goods but will not be liable for any loss or damage su ered by the

Customer or any third party for failure to meet any estimated date.

9.3 If the Supplier cannot complete the services by any estimated date, it will

complete the services within a reasonable time.

10. DELIVERY

10.1 Subject to clause 10.4, the Supplier will arrange for the delivery of the goods to

the Customer.

10.2 The Supplier may make part delivery of goods or provision of services and the

Supplier may invoice the Customer for the goods or services provided.

10.3 The Customer indemnifies the Supplier against any loss or damage su ered by

the Supplier, its sub-contractors or employees as a result of delivery, except where

the Customer is a consumer and the Supplier has not used due care and skill.

10.4 If agreed that the Customer will collect the goods:

(a) the Customer must collect the goods with 7 days of being advised they are

ready; and

(b) if the Customer does not collect the goods within this time, the Customer is

deemed to have taken delivery of the goods and is liable for storage charges payable

monthly on demand.

11. LIABILITY

11.1 Except as the Terms specifically state, or as contained in any express warranty

provided in relation to the goods or services, the Agreement does not include by

implication any other term, condition or warranty in respect of the quality,

merchantability, acceptability, fitness for purpose, condition, description, assembly,

manufacture, design or performance of the goods or services or any contractual

remedy for their failure.

11.2 If the Customer is a consumer nothing in these Terms restricts, limits or

modifies the Customer’s rights or remedies against the Supplier for failure of a

statutory guarantee under the ACL.

11.3 If the Customer on-supplies the goods to a consumer and:

(a) the goods or services are not of a kind ordinarily acquired for personal, domestic

or household use or consumption, then the amount specified in section 276A(1) of

the ACL is the absolute limit of the Supplier’s liability to the Customer; or

(b) the goods or services are of a kind ordinarily acquired for personal, domestic or

household use or consumption, payment of any amount required under section 274

of the ACL is the absolute limit of the Supplier’s liability to the Customer; howsoever

arising under or in connection with the sale, installation, use of, storage or any other

dealings with the goods or services by the Customer or any third party.

11.4 If clause 11.2 or 11.3 do not apply, then other than as stated in the Terms or any

written warranty statement, the Supplier is not liable to the Customer in any way

arising under or in connection with the sale, installation, use of, storage or any other

dealings with the goods or services by the Customer or any third party.

11.5 The Supplier is not liable for any indirect or consequential losses or expenses

su ered by the Customer or any third party, howsoever caused, including but not

limited to loss of turnover, profits, business or goodwill or any liability to any other

party, except to the extent of any liability imposed by the ACL.

11.6 The Customer acknowledges that:

(a) it has not relied on any service involving skill and judgement, or on any advice,

recommendation, information or assistance provided by the Supplier in relation to

the goods or services or their use or application; and

(b) it has not made known, either expressly or by implication, to the Supplier any

purpose for which it requires the goods or services and it has the sole responsibility

of satisfying itself that the goods or services are suitable for use of the Customer.

11.7 Nothing in the Terms is to be interpreted as excluding, restricting or modifying or

having the e ect of excluding, restricting or modifying the application of any State

or Federal legislation applicable to the sale of goods or supply of services which

cannot be excluded, restricted or modified.

12. CANCELLATION

12.1 If the Supplier is unable to deliver or provide the goods or services, then it may

cancel the Customer’s order (even if it has been accepted) by written notice to the

Customer.

12.2 No purported cancellation or suspension of an order or any part of it by the

Customer is binding on the Supplier once the order has been accepted.

13. SHORTAGES AND EXCHANGES

13.1 Subject to clause 13.2 and 13.4, the Supplier will not be liable for any shortages,

damage or non-compliance with the specifications in the Agreement unless the

Customer notifies the Supplier with full details and description within 10 days of

delivery otherwise the Customer is deemed to have accepted the goods.

13.2 When any shortages, claim for damaged goods or noncompliance with the

Agreement specifications is accepted by the Supplier, the Supplier may, at its option,

replace the goods, or refund the price of the goods.

13.3 Subject to clause 13.4, the Supplier will not under any circumstances accept

goods for return that:

(a) have been altered in any way;

(b) have been used; or

(c) are not in their original condition and packaging.

13.4 If the Customer is a consumer, nothing in this clause 13 limits any remedy

available for a failure of the guarantees in sections 56 and 57 of the ACL.

14. FORCE MAJEURE

14.1 The Supplier is not liable in any way howsoever arising under the Agreement to

the extent that it is prevented from acting by events beyond its reasonable control

including, without limitation, industrial disputes, strikes, lockouts, accident,

breakdown, import or export restrictions, acts of God, acts or threats of terrorism or

war. If an event of force majeure occurs, the Supplier may suspend or terminate the

Agreement by written notice to the Customer.

15. CHARGE

15.1 In consideration of the Supplier entering into the Agreement, the Customer

agrees to charge in favour of the Supplier all their estate and interest in any land and

in any other assets, whether tangible or intangible, in which they now have any legal

or beneficial interest or in which they later acquire any such interest. The Customer

consents to the lodgement by the Supplier of a caveat or caveats which note their

interest in that real property.

16. CHANGE IN COMPANY STRUCTURE

16.1 The Agreement is made in respect of the owners and/or directors of the

Customer as at the date of Credit Application. The Customer agrees to notify the

Supplier in writing within seven (7) days of any change whatsoever in ownership

structure and further indemnify the Supplier against any loss or damage that may

result from the Customer’s failure to notify the Suppler of any such change.

16.2 If there is a change in the Customer’s ownership of which the Supplier in its

discretion deems to be material, the Supplier may suspend or withdraw all credit

facilities and require the Customer to submit a new Credit Application.

17. MISCELLANEOUS

17.1 The law of NSW from time to time governs the Terms. The parties agree to the

exclusive jurisdiction of the courts of NSW, the Federal Court of Australia, and of

courts entitled to hear appeals from those Courts

17.2 The Supplier’s failure to enforce any of these Terms shall not be construed as a

waiver of any of the Supplier’s rights.

17.3 If a clause is unenforceable it must be read down to be enforceable or, if it

cannot be read down, the term must be severed from the Terms, without a ecting

the enforceability of the remaining terms.

17.4 A notice must be in writing and handed personally or sent by email, facsimile or

prepaid mail to the last known address of the addressee. Notices sent by pre-paid

post are deemed to be received upon posting. Notices sent by facsimile or email are

deemed received on confirmation of successful transmission.

17.5 The Customer must comply with the Australian Privacy Principles in connection

with any personal information supplied to it in connection with this Agreement.

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