Insignia Terms of Trade
Insignia's Terms of Trade are as below, and follow the below assumptions A and B. To find out more about our Terms of Trade, click on the areas below.
A The Customer wishes to place an order to purchase Products.
B If insignia accepts an order to purchase Products, insignia agrees to supply those Products to the Customer on these terms and conditions
(a) The Customer may place an order for one or more of the Products for a minimum purchase of $55 (inclusive of GST).
(b) If Insignia accepts an Order, then:
(i) subject to payment of the Purchase Price, Signet sells to the Customer the Products contemplated by that Order; and
(ii) the Customer buys the Products contemplated by that Order for the Purchase Price.
(c) For clarity, Signet may elect not to accept an Order.
2. Purchase Price
(a) The Customer agrees to pay the Purchase Price (including delivery fees) for the Products at the time the Order is accepted.
(b) If Insignia elects not to accept an Order, then Signet will endeavour to promptly refund to the Customer any amounts paid by the Customer for that Order.
(c) Insignia, or its nominated representative, will deliver the Products to the address nominated by the Customer at the time of Order ('Delivery Address'). In the event that there is no one at the Delivery Address at the time the Products are delivered, the Customer consents to the Products, where possible, being left unattended at the Delivery Address.
(d) Delivery of Products under clause 2(c) is:
(i) free to Metro Sydney, Brisbane, Melbourne, Adelaide and Perth for all Orders of $110 (inclusive of GST) or more; and
(ii) otherwise charged at the cost of delivery for the Order specified on the Website, or if no cost of delivery is specified on the Website, at the cost of delivery charged to insignia by its freight provider for the Order.
(e) Subject to clause 2(f), the Customer must pay the full Purchase Price for an order on issue of the official Invoice within 30 days.
(f) Orders for Products which are machinery over $15,000 (excluding GST) will require a deposit of 50% of the Purchase Price, payable on the date the Invoice is issued. The remaining proportion of the Purchase Price will be payable as follows:
(i) 40% of the Purchase Price within 30 days after the date the Invoice is issued; and
(ii) 10% of the Purchase Price on commissioning of the machinery Product.
3. Title & Risk
(a) All Products delivered by insignia to the Customer under these terms and conditions remain the property of insignia until the Customer has paid the Purchase Price for the Products and all money due to insignia by the Customer is paid in full.
(b) The Customer bears the risk relating to the Products from the time the Products are dispatched by insignia.
(c) Upon taking possession of the Products before full payment of the Purchase Price has been made to insignia, the Customer must store the Products:
(i) separately from other goods of the Customer, so that the Products are not mixed with those other goods; and
(ii) in such a way that the Products are recognisable as the property of insignia.
(d) The Customer acknowledges that these terms and conditions creates a security interest under the PPSA in the Products and any other products to be supplied in the future and the Customer consents to insignia effecting a registration on the PPSA register in relation to any security interest contemplated by these terms and conditions. The Customer agrees to pay all costs, expenses and other charges incurred, expended or payable by insignia in relation to the filing of a financing statement or financing change statement in connection with these terms and conditions.
(e) The Customer must not charge the Products in any way or grant or otherwise give any interest in the Products while it remains the property of insignia, nor allow any third party to acquire a security interest in the Products.
(f) insignia may allocate payments made by the Customer to insignia under these terms and conditions, or any other agreement with insignia, to any obligation owed by the Customer to insignia.
(g) If the Customer fails to comply with any obligation under these terms and conditions then without limiting the remedies available to insignia:
(i) upon request by insignia, the Customer must return the Products and any other products on which there are outstanding amounts owing;
(ii) the Customer authorises insignia and any person authorised by insignia to enter premises where the Products, or other products owned by insignia, may be located to take possession of the Products and other products owned by insignia; and
(iii) insignia may retain, sell or otherwise dispose of the Products or other products owned by insignia.
(h) The Customer agrees to the extent permitted under the PPSA, the Customer has no right:
(i) to receive notice of removal of an accession under the PPSA;
(ii) under Chapter 4 of the PPSA; or
(iii) under the PPSA to receive a copy of any verification statement or financing change statement under the PPSA.
(i) The Customer must unconditionally ratify any actions taken by insignia under this clause 3.
(j) In this clause 3, the following words have the respective meanings given to them in the PPSA: account, proceeds, purchase money security interest, register, registration, security interest and verification statement.
(k) Each party agrees to keep PPSA Information in strict confidence and not disclose that information, except in circumstances required by sections 275(7)(b) or (e) PPSA, provided that where sections 275(7)(b) or (e) require such disclosure, the party that is required to disclose the information gives all available notice to the other party to allow that party to legally challenge the required disclosure and