Payment Terms & conditions

• Definition and Payment

1. 1. “Seller” shall mean EcoForm Consulting Pty Ltd or its successors and assigns.
   2. “Client” shall mean the person or entity as defined above.
   3. Time for payment for the Services shall be of the essence and payment will be due seven (7) days following the date of the invoice.

• Privacy Act 1988

1. The Client and/or the Guarantor/s (herein referred to as the Client) agree for the Seller to obtain from a credit reporting agency a credit report containing personal credit information about the Client in relation to credit provided by the Seller.
2. The Client agrees that the Seller may exchange information about the Client with those credit providers either named as trade referees by the Client or named in a consumer credit report issued by a credit reporting agency for the following purposes:
1. to assess an application by the Client; and/or
2. to notify other credit providers of a default by the Client; and/or
3. 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
4. to assess the creditworthiness of the Client.

The Client understands that the information exchanged can include anything about the Client’s creditworthiness, credit standing, credit history or credit capacity that credit providers are allowed to exchange under the Privacy Act 1988.

1. The Client consents to the Seller being given a consumer credit report to collect overdue payment on commercial credit (Section 18K(1)(h) Privacy Act 1988).
2. The Client agrees that personal credit information provided may be used and retained by the Seller for the following purposes (and for other purposes as shall be agreed between the Client and Seller or required by law from time to time):
   1. the provision of Services; and/or
   2. the marketing of Services by the Seller, its agents or distributors; and/or
   3. analysing, verifying and/or checking the Client’s credit, payment and/or status in relation to the provision of Services; and/or
   4. processing of any payment instructions, direct debit facilities and/or credit facilities requested by the Client; and/or
   5. enabling the daily operation of Client’s account and/or the collection of amounts outstanding in the Client’s account in relation to the Services.
3. The Seller may give information about the Client to a credit reporting agency for the following purposes:
   1. to obtain a consumer credit report about the Client;
   2. allow the credit reporting agency to create or maintain a credit information file containing information about the Client.

1. The information given to the credit reporting agency may include:
1. personal particulars (the Client’s name, sex, address, previous  addresses, date of birth, name of employer and driver’s licence number;
2. details concerning the Client’s application for credit or commercial credit and the amount requested;
3. advice that the Seller is a current credit provider to the Client; 
4. advice of any overdue accounts, loan repayments, and/or any outstanding monies owing which are overdue by more than sixty (60) days, and for which debt collection action has been started;
5. that the Client’s overdue accounts, loan repayments and/or any outstanding monies are no longer overdue in respect of any default that has been listed;
6. information that, in the opinion of the Seller, the Client has committed a serious credit infringement (that is, fraudulently or shown an intention not to comply with the Clients credit obligations);
7. advice that cheques drawn by the Client for one hundred dollars ($100) or more, have been dishonoured more than once;
8. that credit provided to the Client by the Seller has been paid or otherwise discharged.

• Default

1. 1. 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 one half percent (2.5%) per calendar month (and at the Seller’s sole discretion such interest shall compound monthly at such a rate) after as well as before any judgment.
   2. In the event that the Client’s payment is dishonoured for any reason the Client shall be liable for any dishonour fees incurred by the Seller.
   3. If the Client defaults in payment of any invoice when due, the Client shall indemnify the Seller from and against all costs and disbursements incurred by the Seller in pursuing the debt including legal costs on a solicitor and own client basis and the Seller’s collection agency costs.
   4. Without prejudice to any other remedies the Seller may have, if at any time the Client is in breach of any obligation (including those relating to payment) the Seller may suspend or terminate the supply of Services to the Client and any of its other obligations under the terms and conditions.  The Seller will not be liable to the Client for any loss or damage the Client suffers because the Seller has exercised its rights under this clause.
   5. If any account remains overdue after thirty (30) days then an amount of the greater of twenty dollars ($20.00) or ten percent (10%) of the amount overdue (up to a maximum of two hundred dollars ($200.00)) shall be levied for administration fees which sum shall become immediately due and payable.
   6. Without prejudice to the Seller’s other remedies at law the Seller shall be entitled to cancel all or any part of any order of the Client which remains unperformed and all amounts owing to the Seller shall, whether or not due for payment, become immediately payable in the event that:
   1. any money payable to the Seller becomes overdue, or in the Seller’s opinion the Client will be unable to meet its payments as they fall due; or
   2. the Client becomes insolvent, 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
   3. a receiver, manager, liquidator (provisional or otherwise) or similar person is appointed in respect of the Client or any asset of the Client.