Payment Terms  

1. Until trade references have been completed all orders will be treated as CASH SALE orders.

2. When trading terms (payment and credit limit) has been agreed upon it is agreed these terms will be adhered to. Our Maximum trading terms are 30 days from invoice date, payment is due on or before the due date displayed at the bottom of each invoice.

3. All invoices over 3 months old will be subject to 2.5% late fees.

4. If your account has been put on hold. We will allow trading to continue on “money with order basis”, together with payment of your principle, at the designated amount set by Rarebreed Pty Ltd (trading as Australec Switchgear). All previous set credit terms will become invalid.

5. When account has been brought up to date, a reviewed trading term will become valid based on past purchases and paying capabilities. This will be set by Austec Wagga Wagga Pty Ltd (trading as Australec Switchgear).

6. All goods remain the property of Rarebreed PTY LTD (trading as Australec Switchgear) until paid in full