TERMS & CONDITIONS

General

The Applicant warrants that the information in this application is accurate, correct and complete and is supplied for the purpose of obtaining credit.
The person/s signing below warrants that he/she is duly authorized by the Applicant to apply for credit and execute this Application on its behalf.
The Applicant agrees that it is not entitled to any credit facilities until it receives notice in writing from DENSO Automotive Systems Australia PTY. LTD. (DNAU) (A.B.N. 46 007 110 929) stating that credit facilities have been given and confirming the terms and conditions upon which such credit facilities are given. Until the Applicant receives such notice, any goods that are supplied by DNAU to the Applicant shall be on the basis of cash upon delivery.
The parties agree that if, prior to formally approving credit, DNAU grants to the Applicant time to pay for any goods supplied. It does so on these terms and conditions.
In the event of DNAU granting credit facilities to the Applicant then:
1. All accounts are to be settled in full within the agreed trading terms noted on the DNAU statement and/or Invoice. Credit facilities may only continue if payment is maintained in accordance with those agreed trading terms.
2. Should the Applicant default in making any payment in accordance with the agreed trading terms, then all monies due to DNAU shall immediately become due and payable. DNAU shall be entitled to charge interest at the rate of 1.5% per calendar month on all overdue amounts from the due date for payment until the date of actual payment.
3. Any expense and/or costs or disbursements incurred by DNAU in recovering any outstanding monies including debt collection agency fees and legal costs shall be paid by the Applicant.
4. It is expressly understood and agreed that this credit arrangement may be terminated at any time by DNAU. In that event, all monies owing to DNAU will be immediately due and payable.
5. DNAU may at any stage during the continuance of the credit arrangement impose as a condition precedent to the grant of further credit that the Applicant give such security or additional security as DNAU shall in its discretion think fit. DNAU shall be entitled to withhold supply of goods or further credit until such security or additional security is obtained.

Title of Goods

Ownership of the goods does not pass to the Customer until the Customer has discharged all outstanding indebtedness, whether in respect of the Goods or otherwise, to DNAU.
The Customer shall take delivery of the Goods at the agreed delivery address. Risk in respect of the Goods shall pass on delivery.
The Customer gives DNAU, its agents and servants, leave and licence, to enter at any time on and into any premises occupied by the Customer to inspect, search for or remove any of the goods.
If the Goods are sold by the Customer, the Customer acknowledges that such sale is by the Customer as bailee for and on behalf of DNAU for the Goods sold.
Each of the rights and obligations in this clause are severable and independent so that if any is deemed to be invalid or unenforceable, it shall be automatically deleted from this clause.
The customer agrees to promptly do and perform all further acts and execute and deliver all further documents (in form and content reasonably satisfactory to DNAU required by law or reasonably requested by DNAU to protect DNAU’s title to and property in any and all of the Products (until title to and property in the Products passes to the Customer, including, without limitation, executing any document and performing any action in order for DNAU to register its security interest under the Personal Property Securities Act 2009 (Cth) and / or NZ PPSA and any other legislation and laws from time to time in Australia.

Trust

Where the Applicant is a Trustee, the Applicant shall be liable on the account and in addition the assets of the Trust shall be available to meet payment of any monies due and owing to DNAU.

Change of Ownership/Particulars

The Applicant will notify DNAU no later than 14 days after any change of ownership, change in its particulars, any alteration or addition to shareholders or directors, and any change alteration or addition to the Applicant’s internal structure and senior management.

Privacy Act

The Applicant and, in the case of a corporate Applicant its directors, hereby authorizes and unconditionally grants its consent to DNAU obtaining from a credit reporting agency or other person or company, information and/or reports concerning it from time to time during the continuance of its credit account so as to assist DNAU in deciding whether to grant credit or to continue to grant credit to it or for collecting overdue payments in respect of commercial credit applied for or provided to it. The Applicant further authorizes and consents to DNAU obtaining and disclosing information about its credit worthiness to and from credit reporting agencies and credit providers (including identify particulars and details of overdue payments) who have or are or intend to enter into some commercial or business dealings with it and/or grant credit to it. For the purpose of this paragraph ‘report’ and ‘information’ include any credit report originating from a credit reporting agency or any other record or information that has any bearing on the Applicant’s credit worthiness, credit standing, credit history, credit capacity and personal information.

Law

The parties agree that these terms and conditions of credit shall be governed and construed in accordance with the laws of the State of Victoria and the parties agree to submit to the jurisdiction of the Courts of that State.

Acknowledgement

The applicant and signatories appearing below hereby acknowledge receipt of a copy of this Application and DNAU’s terms and conditions of trading, and agree to be bound by the same.