1. Invoicing and Payment

Effective: 01 July 2021

Invoices are to be paid by The Customer to the Nominated Bank Account the Invoiced Amount by the due date. This amount includes GST and all other statutory taxes and charges.

The Customer must pay interest equal to 1.5% per month for each month or part thereof on overdue amounts payable under these Terms from the Due Date until paid.
The Customer shall pay to the Company all expenses incurred by the Company in collecting or attempting to collect any moneys due and payable by the Customer to the Company as well as preserving the Company’s rights under these Terms and the terms of the Credit Application, including the cost of debt collectors and legal fees on a full indemnity basis, commercial agents’ commission, bank fees, freight, insurance, registration costs, enforcement costs and loss of profit.