New Terms & Conditions of Trade
As you may be aware, the new Personal Property Securities Act 2009 (the “Act”) came into effect on 30 January 2012. All non-land securities in Australia must now be registered with the new Personal Property Securities Register (“PPSR”).
If you buy goods from Ridge Bay Washers without paying for those goods prior to or upon delivery, the goods are delivered to you on a retention of title basis. The introduction of the Act means that in order to be able to enforce our retention of title clause, we need to register a security interest over the delivered goods on the PPSR.
Because of this, we have changed our Terms & Conditions of supply to enable registration with the PPSR.
The change in our Terms & Conditions should not change the way your business deals with us.
Please read and complete the following:-
We request you complete and sign these documents and return them with a copy of this letter to us by faxing them to (03) 5367 1190 or by email to firstname.lastname@example.org.
Note that if you do not complete and return the signed documents to us, we may decide to cease supplying goods to you, except if you pay us prior to or upon delivery.
In addition, you should note that if you continue to order goods from us, you will be deemed to have accepted the attached Terms & Conditions even if you do not complete and return them to us.
Please contact us on (03) 5367 3600 if you have any queries.
Ridge Bay Washers