B & E Foods — Credit Application

Credit approval

B & E Group may accept or decline your application at its absolute discretion. Goods are supplied on a COD basis until written approval of credit is received.

Payment obligations

All invoices must be paid in full within the stipulated term. You must not withhold payment due to disputes or set-off. Credit may be suspended on late payment.

Interest on overdue amounts

Interest is charged monthly at the 90-day Bank Bill Swap Rate (first business day of that month) plus 2% per annum on amounts remaining unpaid after the due date.

Collection costs

You are liable for all reasonable costs incurred by B & E Group in recovering outstanding money, including debt collection agency fees, administration fees and legal costs on a full indemnity basis.

Credit suspension or termination

B & E Group may reduce, suspend, or terminate credit at any time by reasonable written notice. On termination, all money becomes immediately due and payable.

Title retention

Goods remain the property of B & E Group until all amounts are paid in full. B & E Group may repossess goods without notice on default. Payments received for goods are held in trust until remitted.

Privacy & credit reporting

Your personal information may be shared with credit-reporting agencies and other credit providers for the purposes of assessment, default notification, and creditworthiness evaluation.

Notification obligations

You must notify B & E Group in writing within 3 days of any change in name, legal status, ownership, control, or the appointment of a liquidator, administrator or receiver.

Jurisdiction

This agreement is governed by the laws of New South Wales, Australia. You submit to the jurisdiction of the Courts of that State.

PPSA

B & E Group may register a security interest over goods supplied under the Personal Property Securities Act 2009 (Cth). Certain notice and enforcement provisions of that Act are excluded to the extent permitted by law.