PRIVACY POLICY

Please READ carefully

PRIVACY ACT: From time to time, Fletcher Building Limited (including its related companies (as defined in the Companies Act 1993, including a “holding company” and a “subsidiary” as defined in that Act) (together, “Fletcher Building”) may collect, hold and use information provided by the applicant (“Customer”) for purposes relating to the application for credit, provision of credit, card assessment and debt recovery (including collecting information from, and disclosing information to, Related Companies of Fletcher Building Limited, credit reporting agencies, debt collection agencies, trade referees and other third parties), to register any Security Interest and to provide you with marketing materials. Information disclosed to credit reporting agencies will be held and used by such agencies to provide credit reporting services (including supplying the information to other applicants who use their services). Under the Privacy Act, individuals have rights of access to, and correction of, their personal information. Personal information collected by the Supplier will be held at 810 Great South Road, Penrose, Auckland. To request access to your personal information contact The Privacy Officer, Fletcher Building, 810 Great South Road, Penrose.

Authorisation: The Customer and each of the individuals named in the Transaction Documents (and in particular in the Acknowledgement of Transaction Documents) authorises Fletcher Building to collect, hold and use information collected from the Customer, each such individual, and any other person or entity for any of the above purposes, and for such person or entity to disclose information to Fletcher Building, and also authorises Fletcher Building to disclose information to any person or entity for any of the above purposes and such person or entity to collect and use information from Fletcher Building.

TERMS OF CREDIT

Signing Authority

Any person agreeing to these Terms of Credit and signing the Agreement to Execute on behalf of the Customer confirms that they are expressly authorised by the Customer to agree to these Terms of Credit and to sign the Acknowledgement of Transaction Documents which will bind the Customer (including where the Customer is a company, partnership, joint venture or a trust).  In all cases where a person is signing on behalf of the Customer he/she must provide written confirmation from the Customer that the person has the express authority to bind the Customer to these Terms of Credit.

Electronic Signatures
Where a Customer (including where the Customer is an individual, company, partnership, joint venture or a trust) has signed the Acknowledgement of Transaction Documents and/or all of the Transaction Documents and/or the Guarantee Forms, through the Fletcher Building Online Credit Application platform, then in addition to the Signing Authority obligations as set out above the signatory (where the signatory is signing on behalf of the Customer) and the Customer expressly acknowledge that he/she/it/they:
(a) Has the express authority of the  Customer to sign all documents electronically and the signatory is the person(s)/entity who they represent themselves to be;
(b) Has done so acknowledging and understanding the provisions of the Electronic Transactions Act 2002;
(c) When requested will immediately provide to Fletcher Building further evidence confirming the proof of identity of the person/entity of the electronic signatory;
(d) Will ensure that all required witness provisions are correctly completed and in all cases but specifically for the Guarantee provisions will ensure that the signature is witnessed by a person who is able to be identified and who will also independently provide adequate evidence of his/her identity when requested;
(e) Agree to these Terms and Conditions irrespective of the fact that they have signed the documentation electronically.

Payment
Unless otherwise agreed in writing, the terms of payment are payment in full (including, without limitation, all G.S.T. and other value added tax) in cleared funds on the 20th day of the month following delivery of the Goods (including where Goods are delivered by instalments).

The Customer will pay to the Supplier all G.S.T. or other value added tax payable on the Goods supplied.

If the Customer fails to make any payment to the Supplier by the due date, the Customer will be liable to pay to the Supplier at the Supplier’s discretion (and without prejudice to any other rights or remedies the Supplier may have) on demand, default interest at the rate of 18% per annum calculated on a daily basis on all monies outstanding from the date that payment is due until the date payment is received in full by the Supplier.

The Customer will be liable to pay all of the Supplier’s costs and expenses (including legal costs calculated as between solicitor and own client) in enforcing these terms and conditions. Base collection costs incurred in recovering outstanding monies will be the Customer’s liability and will be charged on a scale basis per table 1 below:

The Supplier may refuse to deliver Goods if there are any outstanding moneys or other obligations owing to the Supplier or any Related Company by the Customer or if the Customer has breached any of these Terms of Credit.

The Customer will make all payments due to the Supplier whether in respect of the price of the Goods or otherwise, in full without deductions of any nature (whether by way of set off, counterclaim or other equitable or lawful claim or otherwise). The Supplier may at any time require the Customer to pay for Goods by bank cheque or post-dated cheque.  Any payment received by the Supplier (or any amount withheld by the Supplier (whether by way of set off, counterclaim or other equitable or lawful claim or otherwise) may be applied in reduction of any amount owing to the Supplier or any Related Company, as determined by the Supplier.

The Supplier may deduct or withhold any amount (whether by way of set off, counterclaim or other equitable or lawful claim or otherwise) from any money owing by the Supplier or any Related Company to the Customer on any account whatsoever.

Ownership and risk
Ownership of the Goods supplied will remain with the Supplier and will not pass to the Customer until all amounts owing by the Customer to the Supplier in respect of the Goods or otherwise have been paid for in full and all the Customer’s other obligations to the Supplier have been met. Until ownership of the Goods passes to the Customer, the Customer agrees as follows:
(f) The Customer holds the Goods on trust for the Supplier as bailee.
(g) The Customer will store the Goods safely at the Customer’s cost so that they can be readily identified as belonging to the Supplier and shall not relinquish possession or remove the Goods from the Customer’s premises except in the ordinary course of business.
(h) The Customer will only use or sell the Goods in the ordinary course of business. This authority is revoked immediately if a default or Enforcement Event occurs.
(i) The Customer must keep full and complete records of the Goods and make such records available to the Supplier upon the Supplier’s reasonable request.
(j) The Customer will disclose to the Supplier all information reasonably required regarding the Goods and any on-sale of the Goods by the Customer.
(k) The Customer will immediately inform the Supplier of any attempt by any third party to exercise remedies against the Goods or of any circumstances that might jeopardize the Supplier’s rights or interest in the Goods.
(l) The Customer gives the Supplier the right to inspect the Goods or any part of them at all reasonable times.
(m) The Customer must not do or allow to be done anything that might contribute to a deterioration in the value of the Goods or otherwise adversely affect the Supplier’s rights or interest in the Goods.
(n) The Customer must return the Goods if requested to do so by the Supplier following non-payment of any amount owing by the Customer to the Supplier or any Related Company or non-fulfilment of any of the Customer’s other obligations to the Supplier or any Related Company, without limiting any other right the Supplier or Related Company may have.

If the Goods have not been paid for in full by the due payment date or are at risk (as defined in PPSA), the Supplier or its agent(s) may (in addition to the Supplier’s other rights but subject to the Credit Contracts and Consumer Finance Act 2003) enter the Customer’s premises (or other premises to which the Customer has access and where the Goods are stored or where the Supplier reasonably believes the Goods are stored) at any time, without notice, and search for and recover the Goods and may resell the Goods or retain the Goods for its own benefit, without incurring any liability to the Customer or any person claiming through the Customer. The Customer may not revoke the permission granted in this sub-clause.

Where the Customer provides material to the Supplier to be processed, then the Supplier will have a general and particular lien in respect of those goods (of which the aforementioned material may be a part) for all sums due at any time from the Customer to the Supplier. The Supplier may sell or dispose of such goods at the Customer’s expense and without liability to the Customer and may apply the proceeds in or towards such sums.

Notwithstanding that ownership of any Goods may remain with the Supplier all risk in respect of such Goods will pass to the Customer upon delivery. The Customer will insure (and keep insured) the Goods for full replacement value against all risks of loss or damage in the Customer’s and the Supplier’s name for the parties’ respective interests. The Supplier may, at any time, request a copy of the policy of insurance and the Customer will promptly provide the same to the Supplier.

The Customer will remain liable for all Goods which are ordered by the Customer notwithstanding that the Customer has not taken delivery of the Goods and/or has changed its mind as to whether the Customer wishes for those Goods to be delivered to it. If the Customer fails to take delivery of the Goods within 30 days of the date that the Goods are available for delivery then the Supplier will, at its sole discretion, sell and/or dispose of the Goods in any manner that it sees fit. It will also recover from the Customer the difference in the price the Supplier would have received from the Customer and the price that the Supplier received from the Goods disposal together with interest and costs, including the costs of recovery, in accordance with these Terms of Credit.

General Security Interest
To secure payment, first, of the purchase price for Goods until such amount is paid in full, and secondly, of all the other Secured Money, and to secure the performance of all other obligations owing by the Customer to the Supplier and any Related Company, the Customer grants the Supplier a Security Interest in all of the Customer’s personal property (as defined in the PPSA), which includes, without limitation, the Goods supplied to the Customer, and a fixed charge over all of the Customer’s real property, wherever situated (such personal property and real property is, together, the “Secured Property”).

The Customer must not consent to or enter into any agreement which permits any supplier or other person to register a Security Interest in respect of any Collateral subject to the Supplier’s Security Interest, including, without limitation, the Goods (whether an accession or otherwise), which ranks in priority to the Supplier’s rights as first ranking security holder.

An “Enforcement Event” occurs if:
(a) The Customer fails to pay, or in the Supplier’s opinion is likely to fail to pay, any amount of the Secured Money when due; or
(b) The Customer breaches, or in the Supplier’s opinion is likely to breach, any non-monetary obligations owing to the Supplier or any Related Company; or
(c) The Customer ceases or threatens to cease business; or The Customer is unable to pay any debts as they fall due or is declared insolvent or bankrupt; or The Customer makes an arrangement or compromise with creditors; or any step is made to dissolve it; or an encumbrancer takes possession of any Goods or other Collateral; or a liquidator, manager, administrator, or receiver (or any similar person) is appointed to the Customer or any of the Customer’s property; or any analogous event occurs; or
(d) The Customer’s ownership or effective control is transferred, or in the Supplier’s opinion the nature of the Customer’s business is materially altered; or
(e) any Guarantor breaches any obligations owing to the Supplier

If an Enforcement Event occurs then (in addition to and without prejudice to any other remedies the Supplier may have):
(a) Each Security Interest created under these Terms of Credit will become immediately enforceable; and
(b) All of the Secured Money will be due and payable immediately; and
(c) the Supplier may at any time appoint in writing one or more Receivers (jointly and severally) in respect of any Secured Property on terms which the Supplier considers to be necessary or expedient; and
(d) The remuneration of a Receiver may be fixed by the Supplier but is payable by the Customer and forms part of the Secured Money. To the fullest extent permitted by law a Receiver will be the agent of the Customer and the Customer will be solely responsible for the Receiver’s acts and defaults; and
(e) The Supplier may remove any Receiver appointed by providing that Receiver with written notice that the Receiver’s appointment has ceased, upon which the Receiver will immediately cease to act; and
(f) The Customer irrevocably appoints and ratifies the actions or omissions of the Supplier each Receiver, each nominee of the Supplier in whose name the Secured Money is registered and each duly authorized officer of the Supplier severally to be The Customer’s attorney with full power to appoint substitutes and to sub-delegate) on behalf of the Customer and in the Customer’s name or otherwise and at the Customer’s expense to complete, execute and otherwise perfect all assignments, Security Interests and other agreements and documents, and generally to do all other things which the attorney may consider necessary or expedient to secure the full benefit to the Supplier of its rights and intended rights under these Terms of Credit, Transaction Documents and any other contract with the Supplier to secure payment of the Secured Money and performance of the Customer’s obligations to the Supplier and any other incidental matters; and
(g) The Supplier or a Receiver may take possession of the Goods and any other Secured Property (including any Goods that have become an accession under the PPSA) and may dispose of them or retain them for the Supplier’s own benefit and for that purpose the Supplier may, subject to the Credit Contracts and Consumer Finance Act 2003, without notice, enter directly or by its agents on any premises where the Supplier believes Goods may be stored, without in any way being liable to any person. In respect of other Secured Property the Supplier may in the name of the Customer or otherwise, at any time do anything and exercise any right which the Customer could do or exercise in relation to the Secured Property including the right to take possession of, demand, collect and get in any Secured Property, cancelling any contracts, borrowing any money, taking any proceedings in the Customer’s name and settling any disputes or proceedings; and
(a) A certificate signed by the Supplier as to an amount due by the Customer shall be conclusive evidence for all purposes, including for any proceedings; and
(b) The Supplier may suspend all payment credit arrangements offered to the Customer by the Supplier  immediately, without notice, until the Enforcement Event is remedied to the Supplier’s satisfaction; and
(c) The Supplier may suspend or cancel (in whole or in part) any outstanding order from the Customer to it or all or any part of any contract or contracts with the Customer which remain unperformed; and
(d) the Supplier may require any future orders from the Customer to be paid in cash in full on placement of such order by the Customer.

The Customer acknowledges that it has received value as at the date of first delivery of Goods under these Terms of Credit and that nothing in these Terms of Credit is an agreement that a Security Interest created herein attaches at a later time than the time specified in section 40(1) of the PPSA, or an agreement to subordinate a Security Interest under these Terms of Credit in favour of any person.

Each Security Interest created under these Terms of Credit is a continuing security, notwithstanding any intermediate payments or settlements of accounts or anything else and is in addition to, and is not to be merged with, any other security or guarantee expressed or intended to be security for any Secured Money or any other obligations owing by the Customer to the Supplier.

Time is of the essence in respect of the Customer’s obligations under these Terms of Credit.  However, no Security Interest created under these Terms of Credit is discharged, nor is the Customer’s obligations affected by any time, indulgence, waiver or consent at any time given to it or any other person; any amendment to, or the enforcement of or failure to enforce, these Terms of Credit or any other agreement; the insolvency, bankruptcy, liquidation, administration, amalgamation, change in status or reorganisation of the Customer or any other person; or anything else whatsoever.

The Supplier does not (and will not be deemed to) undertake any of the Customer’s obligations in respect of the Customer’s property (including any Secured Property) by virtue of these Terms of Credit.

The Supplier is not required to marshal, enforce or apply under any Security Interest, guarantee or other entitlement held by the Supplier at any time or any money or property that it at any time holds or is entitled to receive.

The Customer’s obligations and waivers
The Customer must not change its name, address or contact details without providing the Supplier with at least 30 days’ prior written notice. The Customer must immediately notify the Supplier if the Customer intends to, or becomes aware of any step to, appoint an administrator or liquidator.

The Customer waives its rights under the PPSA to receive a copy of any verification statement, financing statement or financing change statement and unconditionally and irrevocably agrees that:
(a) to the maximum extent permitted, the Customer will have no rights under or by reference to sections 114(1)(a), 116, 120(2), 121, 125, 129, 131 133 and 134 of the PPSA;
(b) where the Supplier has rights in addition to, or existing separately from, those in Part 9 of the PPSA, those rights will continue to apply and, in particular, those rights will not be limited by section 109; and
(c) the Customer will not consent to or enter into any agreement which permits any supplier or other person to register a Security Interest in respect of the Goods (whether an accession or otherwise).

The Customer must not:
(a) give to the Supplier a written demand, or allow any other person to give to the Supplier a written demand, requiring the Supplier to register a financing change statement; or
(b) lodge a change demand or allow any other person to lodge a change demand, in each case in relation to a financing statement registered by the Supplier under the PPSA.
(c) enter into or accept, or allow any other person to enter into or accept, a financing change statement in relation to a financing statement registered by reference to such other person under the PPSA.

The Customer will upon demand pay all of the Supplier’s expenses and legal costs (including costs on a solicitor client basis) in relation to or in connection with the registration and maintenance of the Supplier’s Security Interest.

Security agency
From the date these Terms of Credit take effect, the Supplier will hold the benefit of all security created hereunder for all Related Companies (and, in such capacity, the Supplier is the Security Agent). The Customer acknowledges and agrees that the Supplier may, at any time, appoint a Related Company to serve as the Security Agent to act on its behalf and to exercise its rights under these Terms of Credit (including, without limitation, rights relating to the security created under these Terms of Credit, the Supplier’s Terms of Sale and under any related or ancillary document).

Provided that the Customer is presented with a certificate from a party purporting to be the Security Agent which confirms such appointment under these Terms of Credit (which will be conclusive proof to the Customer of such appointment), the Customer will not be concerned to enquire whether any instructions have been given to any such Security Agent by the Supplier and, as between the Customer and any such Security Agent, all actions taken by such Security Agent under these Terms of Credit, the Supplier’s Terms of Sale and any related or ancillary document will be deemed to be authorised.

Supporting guarantee
At the Supplier’s request, the Customer must procure that a Guarantee in the form attached as one of the Transaction Documents is executed and returned to the Supplier as directed as soon as possible, on the terms set out in the Guarantee (including as to seeking or waiving independent legal advice).

The Customer acknowledges and agrees that, to the extent that any Guarantee of any Secured Money or any other obligations owing by the Customer to the Supplier is in existence prior to the date that these Terms of Credit come into effect, the Customer will procure that such Guarantee will remain in full force and effect in respect of such Secured Money or other obligations.

Errors or Omissions
Clerical errors or omissions, whether in computation or otherwise in any quotation acknowledgements or invoice, will be subject to correction.

Compliance
The Customer will be solely responsible for obtaining any necessary permits under and for compliance with all legislation, regulations, by-laws or rules having the force of law in connection with the installation and operation of the Goods.

Indemnity from the Customer
The Customer hereby indemnifies and undertakes to keep the Supplier, its officers, employees and agents, each Receiver and any attorney appointed under these Terms of Credit (the “Indemnified Party”) at all times fully and effectively indemnified against all losses (including but not limited to direct loss, indirect loss, loss of profits (whether direct or indirect), consequential loss, liabilities, penalties, damages, claims, demands, actions, costs (including legal costs on a solicitor client basis), charges and expenses which the Indemnified Party (or any of them), may incur, or which may be made against the Indemnified Party (or any one of them) as a result of or in relation to:
(a) any act, omission, neglect or default by the Customer or any subsequent purchasers of Goods manufactured and/or supplied by the Supplier; or
(b) any breach by the Customer of any of the Customer’s obligations under these Terms of Credit or any warranty given by the Customer; or
(c) anything done or omitted to be done by the Supplier and/or the Receiver and/or attorney in the exercise of or purported exercise of rights under these Terms of Credit or conferred on the Supplier by law (and whether or not arising out of the Supplier’s Security Interest in any of the Secured Property); or
(d) any act or omission by the Customer which breaches or might breach any health and safety or environmental law.

The Supplier’s Liability
To the fullest extent permitted by law, the Supplier will not be liable for:
(a) loss caused by any factor beyond the Supplier’s control;
(b) failure to deliver to the Customer by any specified dates unless expressly agreed otherwise in this or any other agreement;
(c) damage from misuse, accident, neglect or improper operation of the Goods supplied;
(d) any Goods to be treated as becoming wastage or scrap;
(e) the Customer testing the Goods unless expressly agreed to and authorised by the Supplier;
(f) the loss of or damage to any of the Customer’s chattels left within the Supplier’s possession or control (whether such loss or damage results from the Supplier’s negligence or default or otherwise howsoever);
(g) the loss of or damage to Goods while in transit (whether such loss or damage results from the Supplier’s negligence or default or otherwise howsoever) unless expressly agreed otherwise;
(h) deterioration of Goods as a result of exposure to the elements, after delivery;
(i) any act or omission by the Customer, subcontractor or any third party, including but not limited to maintenance, installation, modification of adjustments of the Goods supplied;
(j) Goods that have been tampered with or modified by the Customer;
(k) Goods that have been stored in an improper manner by the Customer.

To the fullest extent permitted by law, the Supplier has no liability (whether statutory, in contract or tort (including negligence), (or howsoever)) to the Customer or any of the Customer’s agents or employees for any physical, or special damage, direct loss, indirect loss, loss of profits (whether direct or indirect), economic loss of any kind (including loss of profits and expectation loss),consequential loss or any other loss or costs (including legal costs on a solicitor client basis) caused or contributed to by the Supplier or any of its agents or employees in respect of any Goods, credit or services supplied.

To the fullest extent permitted by law the Supplier excludes its liability for business-to-business transactions under the Consumer Guarantees Act, Fair Trading Act, in particular sections 9,12A,13 and 14 of the Fair Trading Act and any other applicable consumer law. Where the Customer is a “Consumer” under the provisions of the Consumer Guarantees Act, the Consumer Guarantees Act is to apply.

Subject to the above and to any express warranties given by the Supplier or any other manufacturer of the Goods in writing, all conditions, warranties, descriptions, representations and statements as to fitness or suitability for purpose, workmanship, tolerance to any conditions, merchantability or otherwise, advice, recommendation or information express or implied are expressly excluded to the fullest extent permitted by law.

To the fullest extent permitted by law, the Supplier has no responsibility or liability for any dangerous good(s) or any contaminant, ozone depleting or hazardous substance in or emitted by any Goods.

Subject to any limitation on the Supplier’s liability which may be expressed within these Terms of Credit, other Transaction Documents or which may be permitted by operation of the law, the Supplier’s total liability whether in tort (including negligence), contract or otherwise for any loss or damage or injury arising directly or indirectly from any defect in or non-compliance of any Goods or any other breach of the Supplier’s obligations is, limited to, at the Supplier’s option:
(a)   replacing, at the Supplier’s premises, the relevant Goods; or
(b) refunding the sale price of the relevant Goods; or
(c) repairing the Goods; or
(d) paying the actual loss or damage suffered by the Customer.

No claim based on defective Goods will be allowed unless:
(a) the claim is notified to the Supplier within seven days of delivery to the Customer; and
(b) the Supplier is given a reasonable opportunity to investigate the claim.

In respect of defective Goods not manufactured by the Supplier, the Supplier will in no event be liable to pay to the Customer any amount in excess of such amount (if any) as the Supplier has received from its supplier in respect of the Goods.

The Supplier’s liability for shortages in quantity and loss consequential to shortages in quantity is, subject to the application of the Consumer Guarantees Act 1993, limited to making up shortages.  No claim for shortages in quantity will be allowed unless:
(a) the claim is notified to the Supplier within seven days of receipt of the Goods by the Customer; and
(b) the Supplier is given reasonable opportunity and time to investigate the claim.

Security, Right to Caveat and Register a Mortgage
The Customer and/or the Guarantor(s) charge in favour of the Supplier, as security for the Customer’s obligations to the Supplier, all rights, title and interest (whether a beneficial or legal interest owned jointly or alone, and as trustee or otherwise) in any property held by the Customer and/or the Guarantor(s) either alone or jointly with anyone or acquired by the Customer and/or the Guarantor(s) now or in the future.

For the purposes of this clause, ‘property’ shall include property owned by the beneficiaries of any trust where Goods have been supplied to the property and may have become affixed to and/or formed part of any structure on that property (which may include above or below ground services to the property).  In signing these Terms of Credit the trustee(s) acknowledge that they have the express authority to bind the beneficiaries to this obligation, and that the provisions of Section 24 Property Law Act 2007 (or its amendments) are satisfied, and that the Supplier is not required to make any further investigation as to the trustee(s) authorisation to bind the beneficiaries to this obligation.

The creation of the charge is the creation of an agreement to mortgage which shall mean that at the Supplier’s discretion it shall be entitled to register a mortgage (“the Mortgage”), such Mortgage to be in the form of an All Obligations Auckland District Law Society Memorandum of General Terms and Condition (or at the Supplier’s discretion, any such equivalent form).

The Customer and/or the Guarantor(s) specifically authorise(s) the Supplier to lodge the Mortgage for registration or a caveat against any such property and appoint(s) the Supplier to be the Customer’s and/or the Guarantor(s) lawful attorney for this purpose to sign in the Customer’s name and to do all things necessary to give effect to this clause.

Change of Legal Entity
The Customer will notify the Supplier in writing of any change in legal entity and the Customer will complete a new set of Transaction Documents for the new legal entity if requested by the Supplier.

Assignment
The Supplier may at any time assign or transfer to any other person (including without limitation to a Related Company, whether or not acting as a Security Agent or security trustee of the security created under these Terms of Credit) all or any part of the Supplier’s rights, remedies and obligations under these terms and any related or ancillary document including the other Transaction Documents without the Customer’s consent.  Each of the Supplier’s assignees and transferees will have the same rights and remedies against the Customer as the Supplier has under these Terms of Credit and the other Transaction Documents.  The Customer must not assign or transfer any of the Customer’s rights or obligations under these Terms of Credit or the other Transaction Documents.

Privacy Act
The Customer agrees that, from time to time, the Supplier may collect, hold and use the information for purposes relating to the application for credit, provision of credit, card assessment and debt recovery (including collecting information from, and disclosing information to, Related Companies, credit reporting agencies, debt collection agencies, trade referees and other third parties), to register any Security Interest and to provide you with marketing materials.  Information disclosed to credit reporting agencies will be held and used by such agencies to provide credit reporting services (including supplying the information to other applicants who use their services).  Under the Privacy Act, individuals have rights of access to, and correction of, their personal information.  Personal information collected by the Supplier will be held by Fletcher Building Group at 810 Great South Road, Penrose, Auckland.  To request access to your personal information contact The Privacy Officer, Fletcher Building, 810 Great South Road, Penrose.

The Customer authorises Fletcher Building to collect, hold and use information collected from the Customer, each such individual, and any other person or entity for any of the above purposes, and for such person or entity to disclose information to Fletcher Building, and also authorises Fletcher Building to disclose information to any person or entity for any of the above purposes and such person or entity to collect and use information from Fletcher Building.

Agreement Precedence
These Terms of Credit will prevail against the Supplier’s Terms of Sale to the extent of any inconsistency unless otherwise determined by the Supplier at its sole discretion.

Entire Agreement
These Terms of Credit, together with the other Transaction Documents, records the entire understanding and agreement of the parties relating to the supply of Goods and credit by the Supplier. These Terms of Credit, together with the other Transaction Documents, supersede all previous understandings or agreements (whether written or oral or both) between the parties relating to these matters.

Governing Law
These Terms of Credit will be governed by the laws of New Zealand. The Customer irrevocably agrees to submit to the non-exclusive jurisdiction of the New Zealand Courts.

Defined terms
(a) “Application Form” means the Fletcher Building online credit application form
(b) “Collateral” has the meaning given to it in the PPSA;
(c) “Customer” means the customer as legal entity and party to the Transaction Documents (including these Terms of Credit);
(d) “Enforcement Event” has the meaning given to it in these Terms of Credit;
(e) “Fletcher Building” means Fletcher Building Limited (including its related companies (as defined in the Companies Act 1993, including a “holding company” and a “subsidiary” as defined in that Act)
(f) “Goods” means any product or thing purchased from the Supplier, as listed in the Supplier’s Terms of Sale which the Customer acknowledged on the Supplier’s website;
(g) “G.S.T”. means any amounts levied or charged pursuant to the Goods and Services Tax Act 1985;
(h) “Guarantee” means the guarantee as executed in the Transaction Documents;
(i) “Guarantor” means the party listed as the Guarantor in the Guarantee;
(j) “PPSA” means the Personal Property Securities Act 1999;
(k) “Receiver” means any person appointed as a receiver or receiver and manager under these Terms of Credit or any Collateral security;
(l) “Related Company” has the meaning given to it in the Companies Act 1993, and includes a “holding company” and a “subsidiary” as defined in the Companies Act 1993 and, when used in these Terms of Credit, will mean each Related Company of Fletcher Building Limited from time to time;
(m) “Security Interest” has the meaning given to it in the PPSA;
(n) “Secured Money” means all amounts from time to time due from the Customer to the Supplier and any Related Company including, without limitation, under these Terms of Credit (including, for the purposes of sections 71 and 72 of the PPSA, future advances under or in connection with these Terms of Credit or any related or ancillary documents);
(o) “Secured Property” has the meaning given to it in these Terms of Credit;
(p) “Supplier” means the applicable Fletcher Building Limited Related Company entity selected by the Customer in the Application Form as the supplier of credit and Goods to the Customer, and which the Customer acknowledged to be the supplier of the Goods in the Terms of Sale on that Related Company’s website,  as party to the Transaction Documents (including these Terms of Credit);
(q) “Transaction Documents” means, together, these Terms of Credit, Guarantee, the Supplier’s Terms of Sale (under which the Customer is supplied Goods and credit from time to time and which the Customer selected on the Supplier’s website), Privacy Statement and Acknowledgement of Transaction Documents.

References to any legislation include that legislation as amended, and any replacement of that legislation, from time to time.

References to a time or time period applicable to the Customer’s obligations are deemed to mean that the time or time period is of the essence

Headings do not form part of these Terms of Credit and are for convenience only.

ACKNOWLEDGMENT OF TRANSACTION DOCUMENTS

Declaration - Please READ carefully and SIGN
The Customer makes application to the Supplier for credit and the supply of Goods from the Supplier under the terms of the Transaction Documents.
In this Acknowledgement, together with the other Transaction Documents, unless the context requires otherwise, references to the “Supplier” means the applicable Fletcher Building Limited Related Company entity selected by the Customer in the Application Form as the supplier of credit and Goods to the Customer, and which the Customer acknowledged to be the supplier of the Goods in the Terms of Sale on that Related Company’s website, as party to the Transaction Documents.
This Agreement together with the other Transaction Documents, records the entire understanding and agreement relating to the supply of Goods by the Supplier to the Customer. This Acknowledgement of Transaction Documents supersedes all previous understandings or agreements (whether written oral or both) between the Customer and the Supplier relating to the supply of Goods and credit by the Supplier.
The Customer(s):

1. Warrant all information given in this application is true and correct.
2. Warrant it/they have read, understand and accept all obligations in the Transaction Documents and agree to be bound by the terms contained therein.  
3. If a company, partnership or a trust, the signatory warrants he/she has full authority to sign on their behalf.
4. Irrevocably authorises the Supplier or its employees under the Privacy Act  to collect, hold and use the information for purposes relating to the application for credit, provision of credit, card assessment and debt recovery (including collecting information from, and disclosing information to, Related Companies of Fletcher Building Limited, credit reporting agencies, debt collection agencies, trade referees and other third parties), to register any Security Interest and to provide you with marketing materials.  Information disclosed to credit reporting agencies will be held and used by such agencies to provide credit reporting services (including supplying the information to other applicants who use their services).  Under the Privacy Act, individuals have rights of access to, and correction of, their personal information.  Personal information collected by the Supplier will be held at 810 Great South Road, Penrose, Auckland.  To request access to your personal information contact The Privacy Officer, Fletcher Building, 810 Great South Road, Penrose.
5. Irrevocably authorise the Supplier to furnish any Related Company or third party with details of this application or subsequent dealings that the Customer may have with the Supplier as a result of the credit application being granted.
6. Acknowledge that they do not have to provide any information but this may affect the Supplier’s decision whether to grant the application or not.
7. Any person signing this agreement on behalf of the Customer confirms that they are expressly authorised by the Customer to agree to the Transaction Documents and to sign this Acknowledgement of Transaction Documents and to bind the Customer (including where the Customer is a company, partnership, joint venture or a trust).

Definitions:
“Customer” means the customer as the legal entity and party to the Transaction Documents.
“Related Company” has the meaning given to it in the Companies Act 1993, and includes a “holding company” and a “subsidiary” as defined in the Companies Act 1993 and, when used in these Terms of Credit, will mean each Related Company of Fletcher Building Limited from time to time;
“Supplier”, means the applicable Fletcher Building Limited Related Company entity selected by the Customer in the Application Form as the supplier of credit and Goods to the Customer, and which the Customer acknowledged to be the supplier of the Goods in the Terms of Sale on that Related Company’s website, as party to the Transaction Documents.
“Transaction Documents” means, together, this Acknowledgement of Transaction Documents, Terms of Credit, Guarantee, the Supplier’s Terms of Sale under which the Customer is supplied Goods and credit from time to time and Privacy Statement.

To be signed by the Customer.  For a company, to be signed by at least 2 directors and witnessed by at least one person as set out below. Or if there is only one director signed by that one director and witnessed as set out below. Otherwise, to be signed by the sole trader, each partner, each trustee of the trust and witnessed as set out below.

PERSONAL GUARANTEE

TO: The applicable Fletcher Building Limited Related Company entity selected by the Customer in the Application Form as the supplier of credit and Goods to the Customer, and which the Customer acknowledged to be the supplier of the Goods in the Terms of Sale on that Related Company’s website,  as party to the Transaction Documents (“the Supplier”)

HEREBY UNCONDITIONALLY AND IRREVOCABLY GUARANTEE to the Supplier the due payment of all moneys currently owing and from time to time owing by, and the performance of all other obligations from time to time of, the Principal Debtor to the Supplier or to any Related Company of the Supplier under the Terms of Credit or the Supplier’s Terms of Sale and other Transaction Documents between the Principal Debtor and the Supplier, and/or any applicable terms of trade or sales to the Principal Debtor , AND FURTHER AGREE that:

1. This Guarantee is a continuing guarantee, notwithstanding any intermediate payments or settlements of account or anything else and is in addition to, and is not to be merged with, any other guarantee or security held by the Supplier, at any time.
2. The Guarantor(s) liability shall be for all monies and not be limited to any amount. The obligations of the Guarantor(s) under this Guarantee will arise immediately upon demand being made by the Supplier, notwithstanding any instructions from the Principal Debtor to the contrary.
3. The Guarantor(s) obligation(s) under this Guarantee will not be affected by any time, indulgence, waiver, consent, compromise, settlement, release, breach of contract by the Supplier, granting of credit, extension of former credit, exceeding of any credit limit, cancellation of credit, refusal to supply, amendment to, or the enforcement of or failure to enforce, this Guarantee, the Supplier’s Terms of Credit or Terms of Sale or any other agreement or document; the insolvency, bankruptcy, liquidation, administration, amalgamation, change in status or reorganisation of the Guarantor(s) or any other person; or anything else whatsoever; and as between the Supplier and the Guarantor(s), the Guarantor(s) are liable as a Principal Debtor.
4. The Supplier may at any time assign or transfer to any other person (whether or not acting as its security agent) all or any part of the Supplier’s rights, remedies and obligations under this Guarantee and any related or ancillary document without the Guarantor(s) consent. Each assignee or transferee will have the same rights and remedies against the Guarantor(s) as the Supplier has under this Guarantee and any such related or ancillary document. The Guarantor(s) may not assign, transfer or otherwise part with any of its obligations under this Guarantee.
5. The Guarantor(s) agree that any notice or other communication to the Guarantor(s) may be served on the Guarantor(s) by delivering at any address specified by the Guarantor(s) from time to time for such purpose or the Guarantor(s) usual residential address (if an individual) or (otherwise) principal place of business or registered office.
6. To better secure the amounts payable to the Supplier under this Guarantee the Guarantor(s) agree to grant the Supplier a registrable mortgage over any land owned by the Guarantor(s) (whether owned alone or jointly or as trustees now or in the future) and the Guarantor(s) irrevocably appoints the Supplier as its lawful attorney for the purposes of executing and registering such mortgage. Such mortgage is to be in the form of an All Obligations Auckland District Law Society Memorandum of General Terms and Conditions (or at the Supplier’s discretion any such equivalent form). The Guarantor(s) specifically authorises the Supplier to lodge a caveat against any such property.
7. The Guarantor(s) agree to pay the Supplier’s costs and expenses (including legal fees on a solicitor and client basis) incurred in enforcing this Guarantee.
8. This Guarantee will be governed by the law of New Zealand. The Guarantor (s) irrevocably agree to submit to the non-exclusive jurisdiction of New Zealand courts.

CONFIRMATION

The Guarantor(s) ACKNOWLEDGE AND CONFIRM that:

1. He/She/ they have read and understood and agree to be bound by the Transaction Documents (being this Guarantee, the Supplier’s Terms of Credit, the Supplier’s Terms of Sale under which the Customer is supplied goods and credit from time to time, Privacy Statement and Acknowledgement of Transaction Documents) (together, the “Transaction Documents”).
2. He/She/ they have read the Privacy Statement and Privacy Act section in the Supplier’s Terms of Credit and authorise the collection, holding, use and disclosure of information on the same terms as the authorisation in that section.
3. The information provided by the Guarantor(s) is true and correct.
4. The opportunity to seek independent legal advice has been provided and is strongly recommended by the Supplier but has either been waived or independent advice has been obtained.
5. He/She/ they enter into this Guarantee freely and voluntarily with full knowledge and understanding of the contents of the Transaction Documents and of the circumstances under which the liabilities in this Guarantee have been undertaken. The Guarantor(s) accept(s) full responsibility for my/our choice.
6. Has the express authority of the Customer to sign all documents electronically and the signatory is the person(s)/entity who they represent themselves to be;
7. Has done so acknowledging and understanding the provisions of the Electronic Transactions Act 2002;
8. When requested will immediately provide to Fletcher Building further evidence confirming the proof of identity of the person/entity of the electronic signatory;
9. Will ensure that all required witness provisions are correctly completed and in all cases but specifically for the Guarantee provisions will ensure that the signature is witnessed by a person who is able to be identified and who will also independently provide adequate evidence of his/her identity when requested;
10. Agree to the Terms and Conditions irrespective of the fact that they have signed the documentation electronically.

By signing this Guarantee, and not deleting paragraph (d) in the CONFIRMATION section above, you confirm that you have either waived your right to independent legal advice, or have obtained such independent legal advice. However, we strongly recommend that you seek independent legal advice before signing this Guarantee to ensure that you understand the terms of this Guarantee and the extent of your obligations as guarantor.