1 Payment Terms
Payment is due within seven (7) days of the invoice date unless otherwise agreed in writing. Payment may be made using any of the methods shown on the invoice. Where a deposit or progress payment is required, work may not commence or continue until that payment is received.
2 Overdue Accounts
Any amount not paid by the due date is overdue. Interest may be charged on overdue amounts at a rate of ten percent (10%) per annum, calculated daily from the due date until the account is paid in full. We may withhold further work, goods, or services while any account remains overdue.
3 Debt Collection
If an account remains overdue, we may, without further notice, refer the debt to our appointed collection agency, Marshall Freeman Collections, for recovery. Once an account is referred:
(a) the client agrees to pay a collection fee equal to twenty percent (20%) of the outstanding amount, in addition to the invoice amount and any accrued interest, representing the commission charged by Marshall Freeman Collections in recovering the debt; and
(b) this collection fee forms part of the total debt payable by the client and is recoverable together with the outstanding invoice amount.
4 Legal Action
If recovery efforts are unsuccessful and the matter proceeds to legal action, the client agrees to pay all legal costs incurred by Powerluxe Pty Ltd in recovering the debt, including but not limited to solicitor’s fees, court filing fees, and any enforcement costs, on a full indemnity basis.
5 Retention of Title
Title to any goods or materials supplied does not pass to the client until payment has been received in full. Risk in the goods passes to the client on delivery or installation. Until title passes, the client holds the goods as bailee for Powerluxe, and we may recover or repossess the goods where payment is overdue.
6 Disputes
Any dispute regarding an invoice must be raised in writing within seven (7) days of the invoice date. Raising a dispute does not suspend the client’s obligation to pay any undisputed portion of the invoice by the due date.
7 Acceptance
Payment of any part of an invoice, acceptance of a quote, or acceptance of the goods or services supplied, constitutes acceptance of these Terms of Trade.