1. Payment Terms
All invoices are due and payable within thirty (30) days from the date of invoice. Payments may be made by electronic funds transfer (EFT), credit card, or other methods agreed in writing by Poles and Holes Pty Ltd (“the Company”).
2. Personal Guarantee
Each director named in this application personally and unconditionally guarantees the payment of all amounts owing by the applicant company to the Company. This guarantee is a continuing guarantee and remains in force until all debts have been paid in full, regardless of any change in the composition of the applicant company's directors or shareholders.
3. Late Payment
Where any invoice remains unpaid after the due date, the Company reserves the right to:
- Charge interest on the overdue amount at a rate of 2% per month (24% per annum), calculated daily from the due date until payment is received in full;
- Suspend or cancel the applicant's credit account and require cash on delivery (COD) for all future transactions;
- Withhold delivery of any hired equipment until all outstanding amounts are settled.
4. Debt Recovery
In the event that the Company engages a debt collection agency or legal proceedings to recover outstanding amounts, the applicant (and its guarantors) shall be liable for all associated costs, including but not limited to collection agency fees, legal fees, court costs, and any reasonable administrative costs incurred by the Company.
5. Credit Limit
The Company may, at its sole discretion, set, vary, or revoke a credit limit for the applicant at any time. The Company is not obligated to supply goods or services on credit beyond the approved credit limit.
6. Information Accuracy
The applicant warrants that all information provided in this application is true and correct. The applicant agrees to notify the Company promptly of any changes to the information provided, including changes to company structure, directorship, or contact details.
7. Privacy
The applicant consents to the Company collecting, storing, and using the personal and business information provided in this application for the purposes of assessing creditworthiness, administering the credit account, and debt recovery. Information may be disclosed to credit reporting agencies and debt collection agencies as required.
8. Governing Law
This agreement is governed by the laws of Queensland, Australia. The parties submit to the exclusive jurisdiction of the courts of Queensland.