Terms of Trade

Definitions:
In these conditions unless the context otherwise requires:

 

​Buyer means the person, Company or Organisation buying the goods from Southern Technologies Pty Ltd. 

 

Products and/or services mean the products and/or services being purchased by the Buyer from Southern Technologies Pty Ltd. 

 

Contract means the contract between the Buyer, Company or Organisation and Southern Technologies Pty Ltd for the purchase of the goods or services, either in written or verbal form.

 

Date of the contract means where the contract arises from a quotation given by the Southern Technologies Pty Ltd,

i) the date of acceptance of the order by the Buyer, Company or Organisation; or

ii) Where the contract arises from a quotation given by Southern Technologies Pty Ltd, the date upon written or verbal notification of acceptance of the quotation is received by Southern Technologies Pty Ltd.

 

Contract price means the price of goods as agreed between the Buyer, Company or Organisation and Southern Technologies Pty Ltd.

 

Person includes a corporation, association, firm, company, partnership, organisation or individual.

 

Quotation shall mean price on offer for a fixed term. 

 

Invoice Cycle means the normal Due Date for invoices being bi-monthly on the 6th and 20th of each Month

Quotation
The Buyer may request a Quotation from Southern Technologies Pty Ltd setting out the price and quantity of the Goods to be supplied. If the Quotation is acceptable to the Buyer, the Buyer may place an order within an acceptable timeframe as set out in the quotation.

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Acceptance
If any instruction is received by Southern Technologies Pty Ltd from the Buyer for the supply of products and/or services, it shall constitute acceptance of the terms and conditions contained herein. Upon acceptance of these terms and conditions by the Buyer, the terms and conditions are definitive and binding.

 

Terms and Conditions
These terms and conditions and any subsequent terms and conditions issued by Southern Technologies Pty Ltd shall apply to all orders for the goods and the services made by the Buyer after the date and time at which these conditions are first delivered or sent by email or facsimile to, or otherwise brought to the notice of, any employee, staff member or representative of the Buyer. It shall be the Buyer’s responsibility to ensure that these conditions are promptly brought to the attention of the appropriate staff of the Buyer, and accordingly any order made by the Buyer after the date and time described above in this clause shall be deemed to be an acceptance of these conditions.

Price
The Price shall be as indicated on invoices provided by Southern Technologies Pty Ltd to the Buyer in respect of products and/ or services supplied; or The Price shall be the Price at the date of delivery of any goods.


Time for payment for the products and/or services shall be of the essence and will be stated on the invoice, quotation, tender documents, work authorisation form or any other work commencement forms or communication. If no time is stated then payment shall be due within 7 working days on delivery of any goods or services.
 

The Buyer agrees that the cost Price shall be determined by Southern Technologies Pty Ltd.
 

Southern Technologies Pty Ltd reserves the right to implement a surcharge or charge reasonable costs for alterations to specifications of products or services after the order has been placed.

Payment, Late Payment, Default of Payment and Consequences of Default of Payment


The preferred method of payment is by direct credit, or by any other method as agreed to between the Buyer and Southern Technologies Pty Ltd.

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Subject to any provision to the contrary in the Contract, payment (unless otherwise arranged in advance and confirmed in writing by a Director of Southern Technologies Pty Ltd PTY LTD - or an appointee) shall be received on or before the Due Date as indicated on the Invoice to the Buyer, which shall be issued promptly on or after delivery of the goods.
 

Late payment shall incur a process fee of $45.00 + GST per Invoice on each Invoice Cycle that payment has not been received and interest at the rate of 24%, per annum calculated on a daily basis. This shall be payable on any monies outstanding under the Contract from the date payment was due until the date payment is received by Southern Technologies Pty Ltd, but without prejudice to Southern Technologies Pty Ltd’s other rights or remedies in respect of the Buyer’s default in failing to make payment on the due date.
 

Without prejudice to any other remedies Southern Technologies Pty Ltd may have, if at any time the Buyer is in breach of any obligation (including those relating to payment), Southern Technologies Pty Ltd may suspend or terminate the supply of Goods or Services to the Buyer and any of its other obligations under the terms and conditions. Southern Technologies Pty Ltd will not be liable to the Buyer for any loss or damage the Buyer suffers because Southern Technologies Pty Ltd exercised its rights under this clause.

In the event that:

a. any money payable to Southern Technologies Pty Ltd becomes overdue, or in Southern Technologies Pty Ltd’s opinion the Buyer will be unable to meet its payments as they fall due; or
b. the Buyer 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
c. a receiver, manager, liquidator (provisional or otherwise) or similar person is appointed in respect of the Buyer or any asset of the Buyer; then without prejudice to Southern Technologies Pty Ltd’s other remedies at law
d. Southern Technologies Pty Ltd shall be entitled to cancel all or any part of any order of the Buyer that remains unperformed in addition to, and without prejudice to any other remedies; and all amounts owing to Southern Technologies Pty Ltd shall, whether or not due for payment, immediately become payable.

Governing Laws
These Terms of Trade will be interpreted in accordance with Victorian', Australian Law, which will have exclusive legal jurisdiction over any dispute in relation to the products and/or services or these Terms of Trade.

 

Dispute Resolution
Southern Technologies Pty Ltd will endeavour to resolve any dispute between the Buyer and itself without the need for Court proceedings. Any such attempt is without legal prejudice.


Reservation of Title
Ownership and title of the Goods or Services including those in Digital format remains with Southern Technologies Pty Ltd until the purchased price and all other monies owing by the Buyer, under the contract or any other contract to Southern Technologies Pty Ltd, have been paid in full.

 

Liability
Southern Technologies Pty Ltd shall not be liable for any loss of any kind whatsoever suffered by the Buyer as a result of any breach of any of Southern Technologies Pty Ltd’s obligations under the contract, including any cancellation of the contract or any negligence on the part of Southern Technologies Pty Ltd, its servants, agents or contractors, nor shall Southern Technologies Pty Ltd be liable for any loss, damage or injury caused to the Buyer’s servants, agents, contractors, buyers, visitors, tenants, trespassers or other persons. The Buyer shall indemnify Southern Technologies Pty Ltd against any claim by any such person.

© 2019 Southern Technologies PTY LTD