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Price and Payment
The Price shall be as indicated on invoices provided by ACSIS to the Customer in respect of the Goods supplied.
Time for payment for the Goods shall be of the essence and will be stated on the invoice, quotation, or any other order forms.
Unless otherwise stated the Price does not include GST. In addition to the Price the Customer must pay to ACSIS an amount equal to any GST ACSIS must pay for any supply by ACSIS under this or any other agreement for the sale of the Goods. The Customer must pay GST, without deduction or set off of any other amounts, at the same time and on the same basis as the Customer pays the Price. In addition the Customer must pay any other taxes and duties that may be applicable in addition to the Price except where they are expressly included in the Price.
Risk of damage to or loss of the Goods passes to the Customer on Delivery and the Customer must insure the Goods on or before Delivery.
If any of the Goods are damaged or destroyed following delivery but prior to ownership passing to the Customer, ACSIS is entitled to receive all insurance proceeds payable for the Goods. The production of these terms and conditions by ACSIS is sufficient evidence of ACSIS’s rights to receive the insurance proceeds without the need for any person dealing with ACSIS to make further enquiries.
Title to Goods (including any incidental items supplied as part of any Services)
ACSIS and the Customer agree that ownership of the Goods shall not pass until: the Customer has paid ACSIS all amounts owing to ACSIS; and the Customer has met all of its other obligations to ACSIS.
Receipt by ACSIS of any form of payment other than cash shall not be deemed to be payment until that form of payment has been honoured, cleared or recognised.
It is further agreed that:
Personal Property Securities Act 2009 (“PPSA”)
In this clause financing statement, financing change statement, security agreement, and security interest has the meaning given to it by the PPSA.
Upon assenting to these terms and conditions in writing the Customer acknowledges and agrees that these terms and conditions constitute a security agreement for the purposes of the PPSA and creates a security interest in all Goods that have previously been supplied and that will be supplied in the future by ACSIS to the Customer.
The Customer undertakes to:
Security and Charge
In consideration of ACSIS agreeing to supply the Goods, the Customer charges all of its rights, title and interest (whether joint or several) in any land, realty or other assets capable of being charged, owned by the Customer either now or in the future, to secure the performance by the Customer of its obligations under these terms and conditions (including, but not limited to, the payment of any money).
The Customer indemnifies ACSIS from and against all ACSIS’s costs and disbursements including legal costs on a solicitor and own client basis incurred in exercising ACSIS’s rights under this clause.
The Customer irrevocably appoints ACSIS and each director of ACSIS as the Customer’s true and lawful attorney/s to perform all necessary acts to give effect to the provisions of this clause 6 including, but not limited to, signing any document on the Customer’s behalf.
Default and Consequences of Default
Interest on overdue invoices shall accrue daily from the date when payment becomes due, until the date of payment, at a rate of two and a half percent (2.5%) per calendar month (and at ACSIS’s sole discretion such interest shall compound monthly at such a rate) after as well as before any judgment.
If the Customer owes ACSIS any money the Customer shall indemnify ACSIS from and against all costs and disbursements incurred by ACSIS in recovering the debt (including but not limited to internal administration fees, legal costs on a solicitor and own client basis, ACSIS’s collection agency costs, and bank dishonour fees).
Privacy Act 1988
The Customer agrees for ACSIS to obtain from a credit reporting agency a credit report containing personal credit information about the Customer in relation to credit provided by ACSIS.
The Customer agrees that ACSIS may exchange information about the Customer with those credit providers either named as trade referees by the Customer or named in a consumer credit report issued by a credit reporting agency for the following purposes:
The Customer understands that the information exchanged can include anything about the Customer’s creditworthiness, credit standing, credit history or credit capacity that credit providers are allowed to exchange under the Privacy Act 1988.
The Customer consents to ACSIS being given a consumer credit report to collect overdue payment on commercial credit (Section 18K(1)(h) Privacy Act 1988).
The Customer agrees that personal credit information provided may be used and retained by ACSIS for the following purposes (and for other purposes as shall be agreed between the Customer and ACSIS or required by law from time to time):
ACSIS may give information about the Customer to a credit reporting agency for the following purposes:
The information given to the credit reporting agency may include:
The failure by ACSIS to enforce any provision of these terms and conditions shall not be treated as a waiver of that provision, nor shall it affect ACSIS’s right to subsequently enforce that provision. If any provision of these terms and conditions shall be invalid, void, illegal or unenforceable the validity, existence, legality and enforceability of the remaining provisions shall not be affected, prejudiced or impaired.
These terms and conditions and any contract to which they apply shall be governed by the laws of the state in which ACSIS has its principal place of business, and are subject to the jurisdiction of the courts in that state.
ACSIS shall be under no liability whatsoever to the Customer for any indirect and/or consequential loss and/or expense (including loss of profit) suffered by the Customer arising out of a breach by ACSIS of these terms and conditions (alternatively ACSIS’s liability shall be limited to damages which under no circumstances shall exceed the Price of the Goods).
The Customer shall not be entitled to set off against, or deduct from the Price, any sums owed or claimed to be owed to the Customer by ACSIS nor to withhold payment of any invoice because part of that invoice is in dispute.
The Customer warrants that it has the power to enter into this agreement and has obtained all necessary authorisations to allow it to do so, it is not insolvent and that this agreement creates binding and valid legal obligations on it.