Machine Tool Service And Repair

1. Consequences of Default

1.1 “Supplier” shall mean MACHINE TOOL SERVICE AND REPAIR (MTS-R) ABN 54 630 471 171 its successors and assigns or any person acting on behalf of and with the authority of the Supplier.

1.2 “Customer” shall mean the person, organisation or entity referred to as the Customer or any person acting on behalf of and with the authority of the Customer.

1.3 Interest on overdue invoices shall accrue daily from the date when payment becomes due until the date of payment, at the rate of 2% per calendar month and such interest shall compound monthly at such a rate after as well as before any judgement.

1.4 The Supplier reserves the right to refer the collection of any outstanding accounts to a debt collection agency without notice to the Customer.

1.5 The Customer agrees to be liable for any recovery costs and expenses the Supplier incurs as a result of the referral of the debt to a debt collection agency and furthermore the Customer agrees that section 27 (1) of the Debt Collectors (Field Agents and Collection Agents) Act 2014 (Qld) does not apply to this agreement.

1.6 In the event that the collection of the debt is referred to the Supplier’s lawyers, the Customer accepts liability for and indemnifies the Supplier for all of the Suppliers legal costs on a solicitor-client basis.