Terms and Conditions

/Terms and Conditions

Terms and Conditions

These terms and conditions apply to all purchases made from Asset Plant & Machinery PTY LTD.


The whole of the Agreement between Asset Plant & Machinery Pty Ltd ABN 56 078 232 247 (“Asset Plant”) and the Applicant referred to in the Credit Application (“Customer”), or any other person to whom we supply Goods, are those set out in these Terms and Conditions as amended from time to time and those, if any, which are implied and which cannot be excluded by law (“Terms”). Any other contractual terms of the Customer (whether upon the Customer’s order or elsewhere) which are contrary to or inconsistent with these Terms shall not apply nor shall they constitute a counter-offer. By receiving delivery and/or supply of all or a portion of the goods, materials and/or parts and/or labour and/or services supplied by Asset Plant under these Terms (“Goods”), the Customer shall be deemed to have accepted these Terms and to have agreed that they shall apply to the exclusion of all others.

Credit Terms

  • Payment is due on or prior to seven (7) days from the date of invoice rendered in respect of the supply of the Goods unless otherwise stated in writing by Asset Plant. Asset Plant may charge liquidated damages at a rate equivalent to two percent (2%) in excess of the rate of interest for the time being fixed under Section 2 of the Penalty Interest Rates Act 1983 if payment is not received by the due date.


  • Asset Plant’s express or implied approval for extending credit to the Customer may be revoked or withdrawn by Asset Plant at any time.


  • Asset Plant is entitled to set-off against any money owing to the Customer amounts owed to Asset Plant by the Customer on any account whatsoever.


  • Any payments received from the Customer on overdue accounts will be applied first to satisfy interest which may have accrued, second to reasonable expenses and legal costs referred to in Clause 2.5, and then to principal.


  • The Customer is liable for all reasonable expenses (including contingent expenses such as debt collection commission) and legal costs (on a full indemnity basis) incurred by Asset Plant for enforcement of obligations and recovery of monies due from the Customer to Asset Plant.

Quotations and Pricing

  • Prices charged for Goods will be according to a current quotation for  those Goods. Otherwise, they will be determined by Asset Plant by reference to its standard prices in effect at the date of delivery (whether notified to the Customer or not and regardless of any prices contained in the order). Asset Plant will use its best endeavours to notify the Customer of price changes but bears no liability in respect of this.


  • Any quotation, acceptance of quotation, purchase order or other document which requires signature may be signed in electronic form,  and such signature shall be binding upon the person affixing that signature.


  • Unless otherwise specified by Asset Plant, the prices exclude:-


  • Any statutory tax, including any GST, duty or impost levied in respect of the Goods and which has not been allowed for by Asset Plant in calculating the price.


  • Costs and charges in relation to insurance, packing (other than the standard packing of Asset Plant), crating, delivery (whether by road, rail, ship or air) and export of the Goods.


  • Any variations in the invoice or contract price as a consequence of currency fluctuations shall be payable by the Customer.


  • The contract between Asset Plant and the Customer shall not be affected by any impositions or alterations of customs duties or by decisions of any Customs Department with regard to either classification or value of duty or landing charges occasioned thereby. Any such impositions shall  be to the account  of  the Customer.

Delivery and Supply

  • Any times quoted for delivery and/or supply are estimates only and Asset Plant shall not be liable for failure to deliver/supply, or for delay in delivery/supply. The Customer shall not be relieved of any obligation to accept or pay for Goods, by reason of any delay in delivery/supply or dispatch. Asset Plant reserves the right to stop supply at any time if the Customer fails to comply with the Terms.


  • Asset Plant may refuse to supply any order by the Customer for Goods in its absolute discretion and may make acceptance of an order conditional upon it receiving a satisfactory credit assessment of the Customer.


  • If the Customer directs that delivery of the Goods be staggered over different times or to different addresses from those specified in the Credit Application, then the Customer:-


  • shall be liable for any additional cost, charge and expense incurred by Asset Plant in complying with the Customer’s direction; and


  • shall pay for the whole of the invoiced value of the Goods notwithstanding the staggered deliveries.


  • Such action shall be deemed to be delivery to the Customer.


  • The Customer is deemed to accept delivery of the Goods where it is either delivered to the Customer’s premises or when Asset Plant notifies the Customer that the Goods are available for collection.


  • If the Customer is unable or fails to accept delivery of the Goods, Asset Plant may deliver it to a place of storage nominated by the Customer and, failing such nomination, to a place determined by Asset Plant.  Such action shall be deemed to be delivery to the Customer. The Customer shall be liable for all cost, charge and expense   incurred   by Asset Plant on account  of  storage, detention, double cartage/delivery or similar causes.


  • Subject to Clause 5.1, the Customer agrees that it will be obliged to and shall pay for the Goods on the due date notwithstanding that delivery is made after the agreed delivery date, and notwithstanding that the Goods may not yet be delivered.


  • Unless otherwise agreed in writing any Goods supplied by Asset Plant to the Customer shall be deemed to operate satisfactorily if the Goods operation in accordance with the  relevant specifications of the manufacturer of the Goods.


  • The Customer acknowledges that the ability of the Goods to operate satisfactorily in accordance with their specifications is dependent on the proper layout and maintenance of the Goods and all parts, proper material control and other factors for which the Customer is responsible; and which are beyond the control of Asset Plant.


  • Unless otherwise agreed in writing, the Goods shall be supplied to the manufacturer’s standard finish and dimensions.  Neither Asset Plant nor the manufacturer accepts any responsibility whatsoever should the colour designs or dimension of the Goods vary from the colour, designs or dimensions contained in any product, catalogue, brochure or other promotional or information document in respect of the Goods.


  • Until full payment has been made for all Goods, and any other sums in any way outstanding from the Customer to Asset Plant from time to time:-


  • All sums outstanding become  immediately  due  and payable by the Customer to Asset Plant if the Customer makes default  in paying any other sums due to Asset Plant, becomes   bankrupt,   or   commits   any   act   of bankruptcy, compounds with its creditors, has judgment entered against it in any court or, being a company, has a provisional liquidator, liquidator, receiver, receiver manager or administrator appointed, notwithstanding the provisions of any other clause in these Terms.
    • The property of the Goods shall not pass to the Customer and the Customer shall hold the Goods as bailee for Asset Plant (returning the same to Asset Plant on request). The Goods shall nevertheless be at the risk of the Customer from the time of delivery/supply and the Customer must insure the Goods from the time of delivery/supply.


  • The Customer is only authorised to sell the Goods (or any portion of them) to third parties as the fiduciary agent of Asset Plant provided that there shall be no right to bind Asset Plant to any liability to such third party by contract or  otherwise.  All  payments (direct or indirect) received from such third parties by the Customer for the Goods (or any portion of them) shall be held on trust for Asset Plant pursuant to the fiduciary relationship.


  • In the event that the Customer incorporates or transforms the Goods (or any portion of them) into any other goods or products produced by the Customer (or a third party), then the Customer must hold a proportion of any payment (“relevant proportion”) received by the Customer for such goods or products on trust for Asset Plant. The Customer expressly acknowledges that the relevant proportion shall be equal to the dollar value of the Goods incorporated or transformed and the Customer further acknowledges that any part payment (not exceeding the relevant proportion) received by the Customer for such goods or products is received as payment first of the relevant proportion.


  • Asset  Plant   is   irrevocably  authorised   to   enter   any premises where the Goods are kept, and to use the name of the Customer and to act on its behalf, if necessary, to recover  possession of the Goods without liability for trespass or any resulting damage.


  • The provisions of this clause are subject to the Personal Property Securities Act (to be passed through Parliament), and the provision of this clause shall be amended to interpreted as necessary to provide for Asset Plant to be a secured creditor over the goods.


  • At all times, Asset Plant retains the right of possession of any pallets used for delivery of the Goods and the Customer agrees to indemnify Asset Plant in respect of any pallets not returned to Asset Plant in good order and condition (as determined by Asset Plant) within fourteen (14) days of delivery of the Goods.


  • In addition to any lien to which Asset Plant may, by statute or otherwise, be entitled, Asset Plant shall in the event of the Customer’s insolvency, bankruptcy or winding up, be entitled to a general lien over all property or goods belonging to the Customer in Asset Plant’s possession (although all or some of such property or goods may have been paid) for the unpaid price of any Goods sold or delivered to the Customer under this or any other contract.

Availability of Stock

Any order that cannot be fulfilled on its receipt will automatically be back ordered and processed when stock becomes available unless it is the Customer’s stated standard policy not to accept back orders or the Customer specifically marks its order, “Do Not Back Order”. Deliveries at any time are subject to availability of stock and Asset Plant will not be liable for any charges due to product unavailability.


Subject to Clause 3.3 and unless otherwise agreed, Asset Plant will ship by the least expensive route and carrier to all points. If the purchaser chooses a route with a higher charge than the route of Asset Plant’s choice for shipment, Asset Plant will charge the difference to the Customer.

Returns, Cancellations and Claims

  • The Customer shall not return any Goods to Asset Plant without obtaining prior authorisation from Asset Plant. No returns will be accepted unless a copy of the relevant invoice is enclosed with the returned Goods. A list of the Goods returned including product descriptions, quantity, date of return and the Customer’s name and address must also be enclosed. Freight charges must be paid by the Customer. All Goods must be returned in the original packaging and the Customer shall be responsible for all damage incurred during return shipment. A credit note will be issued by Asset Plant only after Goods returned are either collected by Asset Plant’s authorised representative or agent or returned to it by the Customer as set out above. The Customer shall not deduct the amount of any anticipated credit from any payment due to Asset Plant but must await receipt of a credit note.


  • All goods returned must be of merchantable and reasonable quality such that the goods are complete in their original packaging, not shop-soiled, are not price ticketed and are still listed in the current price list.


  • If Asset Plant accepts the return of any Goods that have been ordered, Asset Plant may charge the Customer fifteen per cent (15%) of the invoice price as a handling fee with freight costs and risk remaining the responsibility of the Customer.


  • No cancellations or partial cancellation of an order by the Customer shall be accepted by Asset Plant unless it has first consented in writing to such cancellation or partial cancellation and unless a cancellation charge has been paid which, as determined by Asset Plant, will indemnify Asset Plant against all loss, without limitation. Cancellation will not be accepted on goods that are not regular stock which are in the process of manufacture or ready for shipment.


  • All complaints, claims, or notification of lost Goods, incomplete Goods, Goods damaged in transit or Goods that do not comply with the Customer’s purchase order must be submitted by the Customer to Asset Plant in writing within seven (7) business days of the date of the invoice rendered for the supply of the Goods. Otherwise, the Customer shall be deemed to have accepted the Goods and shall not refuse to pay for the Goods on the basis that they were lost, incomplete, damaged in transit, or do not comply with the Customer’s purchase order.

Intellectual Property

  • For the purpose of this clause, the following words have the meanings given to them:


  • “Installation” means the levelling and positioning of the Goods, removal of travel clamps, aligning of any auxiliary equipment,  connection of all necessary air and power supplies at the  machine and checking and adjusting where necessary all lubricant levels but does not include the provision of  level  site   of  sufficient  strength  and capability for the Goods, the provision of which is the sole responsibility of the Customer.


  • “Intellectual Property” means any and all information relating to the Goods or their Installation including designs, drawings, instruction booklets, specifications, circuit drawings, componentry, trade marks, logos, service marks, trade names and patents and any and all information, intellectual property and copyright in such information.


  • The Customer acknowledges that it has no interest of any kind in any Intellectual Property in respect of the Goods. The Purchaser specifically acknowledges Asset Plant’s exclusive rights to ownership of any modification or development which is developed, supplied, installed or paid for by or on behalf of the Customer or any customer of the Customer.The Customer acknowledges that the Intellectual Property is confidential and contains trade secrets and that its disclosure will cause Asset Plant to suffer financial loss.


  • The Customer shall implement all measures  necessary  to safeguard the confidentiality of the Intellectual Property including without limitation:


  • Allowing its employees, agents and customers access to the Intellectual Property only to the extent necessary to secure performance of the Goods and requiring, as a condition of such access that such persons comply clauses 10.4.4 and 10.4.5.


  • Co-operating with Asset Plant in the enforcement of such compliance by the Purchase’s employees,  agents  and customers;


  • Not removing or permitting the removal or alteration of any copyright or confidentiality labels placed on the Goods by Asset Plant;


  • Not  disassembling,  decompiling  or  reverse  engineering any part of the Goods whether software or hard ware;


  • Not reproducing any part of the Goods whether software or hardware.

Personal Property Security Interest

  • The Customer grants Asset Plant a Security Interest in the Goods (supplied as Commercial Property, more particularly described as Other Goods) and their Proceeds to secure the obligation of the Customer to pay the purchase price of the Goods and any other obligations of the Customer to Asset Plant under this contract (together the “Indebtedness”) and, where the Goods and/or Proceeds are not readily identifiable and/or traceable or their recoverable value is insufficient to pay the Indebtedness, the security interest shall also extend to all the Goods present and after acquired by the Customer, of which the Goods form part, to the extent required to secured the Indebtedness.


  • As and when required by Asset Plant the Customer shall, at its own expense, provide all reasonable assistance and relevant information to enable Asset Plant to register a Financing Statement or a Financing Change Statement and generally to obtain, maintain, register and enforce Asset Plant’s Security Interest in respect of the Goods and their Proceeds in accordance with the Personal Property Securities Act 2009 (“PPSA”).


  • Asset Plant may at any time register a financing statement or financing change statement in respect  of  a  Security  Interest (including any Purchase Money Security Interest). The Customer waives any right to receive notice in relation to any registration on the register of a Security Interest in respect of the Goods.


  • The Customer warrants that the Goods are not purchased for personal, domestic or household purposes.


  • Notwithstanding any reference to a particular invoice/order, where any sum remains outstanding by the Customer on more than one invoice/order, any payments received from the Customer shall be deemed to be made by the Customer and applied by Asset Plant in the following order (unless Asset Plant otherwise determines):


  • To any obligation owed by the Customer to Asset Plant which is unsecured, in the order in which the obligations were incurred;To any  obligations  that  are  secured,  but  not  by  a Purchase Money Security Interest, in the order in which those obligations were incurred;


  • To obligations that are secured by a Purchase Money Security Interest, in the order in which those obligations were incurred.


  • Until the Customer has paid all money owing to Asset Plant, the Customer shall at all times ensure that:


  • All Goods, while in the Customer’s possession, can be readily identified and distinguished, and/or


  • All  Proceeds  (in  whatever  form)  that  the  Customer received from the sale of any of the goods are readily identifiable and traceable.


  • Where the Goods are purchased by the Customer and held as Inventory, nothing in this clause shall prevent the Customer from selling or leasing and delivering the Goods in the ordinary course of  the Customer’s business. Otherwise until the Customer has paid all money owing to Asset Plant the Customer shall not sell or grant a  Security  Interest  in  the  Goods  without  Asset  Plant’s written consent.


  • The parties agree to contract out of the PPSA in accordance with Section 115 of the PPSA to the extent that Section 115 applies for the benefit of, and does not impose a burden on, Asset Plant. Specifically, the following provisions of the PPSA will not apply and the Customer will have no rights under them:


  • Section  95  (to  the  extent  that  it  requires  the  Secured Party to give notices to the Grantor); section 96; section 118 (to the extent that it allows a Secured Party to give notice to the   Grantor); section 121(4); section 125; section 130; section  132(3)(d);  section  132(4);  section 135; section 142; section 143.


  • Section 115(7) of the PPSA allows for the contracting out of provision of the PPS Act, the following provisions of the PPS Act will not apply and the Customer will not have any rights under them: section 127; section 129(2),(3); section 130(1); section 132; section 134(2); section 135;section 136(3), (4) and (5) and section 137.


  • Unless otherwise agreed and to the extent permitted by the PPSA, the Customer and Asset Plant agree not to disclose any information of a kind referred to in section 275(1) of the PPSA to an interested person or any other person. The Customer waives any rights which it may have, or but for this clause it may have had had, under section 275(7)(c) of the PPSA to authorise the disclosure of the above information.


  • Asset Plant is irrevocably authorised to enter any premises where the goods are kept, and to use the name of the Customer and to act  on  its behalf, if necessary,  to  recover  possession  of  the Goods and seize the Goods in accordance with the Act without liability for trespass or any resulting damage.

Privacy Act 1988 (“Privacy Act”)

To enable Asset Plant to assess the Customer’s application for credit, the Customer authorises Asset Plant:-

  • To obtain from a credit reporting agency a consumer or commercial credit report containing personal information about the Customer and its guarantors pursuant to Section 18K(1) of the Privacy Act; and


  • To obtain a report from a credit reporting agency and other information in relation to the Customer’s commercial credit activities, and


  • To give to a credit reporting agency information including identity particulars and application details


AND in accordance with Section 18N(1) of the Privacy Act the Customer authorises Asset Plant to give to and obtain from any credit provider named in the accompanying credit application and credit providers that may be named in a credit  report  issued by a credit reporting agency information about the Customer’s credit arrangements. The Customer understands that this information can include any information about its credit worthiness, credit standing, credit history or credit capacity that credit providers are allowed to give or receive from each other under the Privacy Act.

The Customer understands that information can be used for the purposes of assessing its application for credit (Section 18L(4) Privacy Act), assisting it to avoid defaulting on its credit obligations, assessing its credit worthiness and notifying other credit providers and credit reporting agencies of a default by it under these Terms.


The Customer must notify Asset Plant in writing within seven (7) days of:-

  • Any alteration of the name or ownership of the Customer.


  • The issue of any legal proceedings against the Customer.
  • The appointment of any provisional liquidator, liquidator, receiver, receiver manager or administrator to the Customer.


  • Any change in the ownership of the business name of the Customer. The Customer agrees that it shall be liable to Asset Plant for all Goods supplied to the new owner by Asset Plant until notice of any such change is received.


  • No warranties except those implied and that by law cannot be excluded are given by Asset Plant in respect of Goods supplied other than the warranty specified in clause 14.4. Where it is lawful to do so, the liability of Asset Plant for a breach of a condition or warranty is limited to the repair or replacement of the Goods, the supply of equivalent Goods, the payment of the cost of repairing or replacing the Goods or acquiring equivalent Goods, as determined by Asset Plant.


  • The Customer acknowledges and warrants that it has relied on its own skill and judgment or, alternatively, on the skill and judgment of tradesmen and professional advisers retained by it to provide advice and assistance on the suitability of the Goods for specific purposes and procedures and, in this respect, shall indemnify Asset Plant from and against any suit, claim, demand or compensation which, but for these Terms, the Customer may have had against Asset Plant.


  • The Customer warrants to Asset Plant that it is purchasing Goods as the principal and not as an agent.


  • Subject to clause 14.5, Asset Plant warrants to the Customer that if, after acceptance of the Goods, any part of the Goods proves to be defective in workmanship or material within the period which is the shorter of either:


  • 12 months from the date of commissioning of the Goods; or


  • 15 months from the date of delivery of the Goods,

Asset Plant will replace or repair the Goods provided that the Purchaser returns the Goods, at the Purchaser’s cost,  to the Company.

  • The warranty in clause 14.4:


  • Applies  only  where  the  Goods  have  been  used  on  a single 8 hour shift basis;


  • Applies only to Goods supplied by Asset Plant, including electricals;


  • Excludes all wear and tear parts of the Goods including without limitation belts, cables, fuses and filters;


  • Excludes damage caused by misuse, neglect, accident,


vandalism, damage in transit or normal wear and tear;

  • Is void if the Goods:


  • are   operated   and/or   maintained   other   than   in conformity with the manufacturer’s specifications;


  • are  altered  or  modified  in  any  form  without  the written direction or approval of Asset Plant; or


  • are used or maintained by unauthorised personnel.



  • Is  in  addition  to  any  other  rights  conferred  on  the


Customer by law.



  • In order to make a claim on the warranty in clause 14.4, the


Customer must contact Service Department by telephone on 03 8710 8088 or email a service request form to service@assetplant.com or by sending details of the claim to the following address 7-8 Capital Drive, Dandenong, Victoria, 3175.


  • Our Goods come with guarantees that cannot be excluded under the Australian Consumer Law. You are entitled to a replacement or refund for a major failure and compensation for any other reasonably foreseeable loss or damage. You are also entitled to


have the Goods repaired or replaced if the Goods fail to be of acceptable quality and the failure does not amount to a major failure.

Force Majeure

Asset Plant shall be released from its obligations in the event of national emergency, war, prohibitive governmental regulation or if any other cause beyond the control of the parties renders provision of the Goods impossible, where all money due to Asset Plant shall be paid immediately and, unless prohibited by law, Asset Plant may elect to terminate the Agreement.

Equitable Charge

The Customer as beneficial owner and/or registered proprietor now charges in favour of Asset Plant all of the Customer’s estate  and interest in any real property (including but not limited to any applicable land owned by the Customer named or described as the Customer’s Street Address in the Credit Application if applicable) (“Land”) to secure payment of accounts rendered by Asset Plant to the Customer for the delivery and/or supply of the Goods including interest payable on these accounts and costs (including legal costs on a full indemnity basis) incurred by Asset Plant and including the costs to prepare and lodge a Caveat against the Land and to remove the Caveat.

Failure to Act

Asset Plant’s failure to enforce or insist upon the timely performance of any term, condition, covenant or provision in these Terms, or Asset Plant’s failure to exercise any right or remedy available under these Terms or at law, or Asset Plant’s failure to insist upon timely payment of monies when due or to demand payment of any charges or fees which accrue or any extension of creditor forbearance under these Terms shall not constitute a waiver of any subsequent default or a waiver of Asset Plant’s right to demand timely payment of future obligations or strict compliance with the Terms.

Legal Construction

  • These Terms shall be governed by and interpreted according to the laws of Victoria and Asset Plant and the Customer consent and submit to the jurisdiction of the Courts of Victoria.


  • Notwithstanding that any provision of the Terms may prove to be illegal or unenforceable pursuant to any statute or rule of law or for any other reason that provision is deemed omitted without affecting the legality of the remaining  provisions and  the remaining provisions of the Terms shall continue in full force and effect.
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