Terms of Trade

These terms of trade (“Terms”) govern all supplies from Paramount Merchandise (“Paramount Merchandise”) that you are purchasing goods from to you.

  1. Pricing
    1.1 All prices for goods exclude Goods and Services Tax (‘GST’). In addition to the price, you must pay GST on the supply at the rate applicable at the time of supply. Paramount Merchandise will issue you with a GST invoice. 
    1.2 All prices and any additional delivery fees for the goods are as determined by Paramount Merchandise from time to time. These prices and delivery fees are subject to change at any time without any notice.
    1.3 The prices and delivery fees that apply will be set out in your invoice, receipt or other documentation provided by Paramount Merchandise.

  2. Time for payment of invoices
    In the event that any invoice has not been paid in full by the due date, Paramount Merchandise may at its option:
    2.1 charge interest compounding monthly on the unpaid overdue balance at the default rate which Paramount Merchandise may be charged by its lenders from time to time;|
    2.2 charge you costs it incurs (including collection costs and legal costs); and
    2.3 suspend sale or delivery of further goods until the account is paid in full.

  3. Events upon which immediate payment required
    All amounts outstanding will become immediately due and owing and you will be in breach of these Terms if the information given in your application for credit is not correct and you have failed to correct this information within 5 days of Paramount Merchandise’ request, or if, in Paramount Merchandise ‘ opinion, there is a significant risk that you cannot or will become unable to pay your debts as they fall due including if you become insolvent, enter into a compromise with your creditors, commit any act of bankruptcy, or if a receiver, liquidator, administrator or statutory manager is appointed over any of your assets or undertakings.

  4. Time that risk passes
    Risk in any goods that Paramount Merchandise supplies to you will pass to you on the earlier of actual receipt by you or delivery to the address for delivery specified by you.

  5. Personal Property and Securities Act 1999 (“PPSA”)
    Legal and equitable ownership of all goods supplied by Paramount Merchandise is retained by Paramount Merchandise until full payment is made by you of all amounts you owe to Paramount Merchandise Company Limited. You acknowledge Paramount Merchandise right to register a security interest under the PPSA. You further acknowledge that:
    5.1 You will promptly execute any documents and do anything else required by Paramount Merchandise to ensure that the security interest in the goods constitutes a perfected security interest.
    5.2 Nothing in s114(1)(a), 133, and 134 of the PPSA, or your rights under the sections of the PPSA listed in section 107(2) of the PPSA, will apply to the goods or these Terms.
    5.3 You waive your right to receive a copy of the verification statement confirming registration of a financing statement or a financing change statement relating to the security interest created by these Terms.
    5.4 The goods will be stored in a way which allows the goods supplied or delivered at different times by Paramount Merchandise to be identified to a particular delivery and/or invoice by Paramount Merchandise.
    5.5 Notwithstanding any appropriation by you, Paramount Merchandise is entitled to apply any payment you make as it sees fit.

  6. Power of entry to recover goods
    On request, you will give Paramount Merchandise details of all premises where you hold the goods. Subject to any rights you have under the Credit (Repossession) Act 1997, where you are in breach of these Terms, Paramount Merchandise may, without further notice, use reasonable force to enter any premises under your control to remove any goods which are the property of Paramount Merchandise. You indemnify Paramount Merchandise against all costs and claims in respect of its exercise of rights under this clause.

  7. Privacy Act 1993 (“Privacy Act”)
    You acknowledge and agree that any information which you have supplied to Paramount Merchandise (including any personal information as defined in the Privacy Act) is able to be used by Paramount Merchandise. These entities may use the information you have provided for credit checking purposes, for debt collection purposes and to provide you with information about Paramount Merchandise. Any personal information that you provide to Paramount Merchandise will be collected and held by Paramount Merchandise. Under the Privacy Act, if you are an individual, you have rights of access to, and correction of, personal information held.

  8. Obligation to maintain confidentiality and prevent fraud
    Your pricing and any credit terms with Paramount Merchandise is confidential and you must maintain that confidentiality. You are responsible for ensuring that your Paramount Merchandise card and Paramount Merchandise’ account details are not provided or disclosed to any person other than those persons within your organisation who are expressly authorised to act on your behalf. You are liable for all purchases on your Paramount Merchandise account including those made fraudulently where you have failed to comply with this clause. You will not be liable for purchases by unauthorised persons from the time Paramount Merchandise receives your advice in writing of a lost or stolen card or account details.

  9. Exclusions and limitation of liability
    9.1 You acknowledge that all your purchases from Paramount Merchandise are for the purposes of a business (including a company, club, institution, charity or community group).
    9.2 You acknowledge that, to the fullest extent permitted by the law:
    9.2.1 All guarantees, warranties and conditions implied by the Consumer Guarantees Act 1993 or the Sale of Goods Act 1908 or otherwise, are expressly excluded.
    9.2.2 Subject to any mandatory labelling or other requirements, Paramount Merchandise does not warrant that any goods it sells will meet any particular specifications or be fit for any particular purpose.
    9.2.3 Any claims concerning goods must be made within 48 hours of receipt of the goods for damaged goods or the due date for delivery for missing goods. Invoice number/s and dates must be supplied as proof of purchase. Where Paramount Merchandise accepts liability for damaged or missing goods, Paramount Merchandise only liability is to either, at its option, resupply the goods or refund all or part of the purchase price of the goods. 
    9.3 Paramount Merchandise will not in any circumstances be liable for any indirect or consequential loss or damage nor for any loss of business, loss of production, property, profit, goodwill, or business opportunity or overheads however caused, which may be suffered or incurred or which may arise directly or indirectly in respect of Paramount Merchandise failure or omission to comply with its obligations, even if Paramount Merchandise had been advised of the possibility of such damage or loss, and whether such claim is made in contract, tort or otherwise. 
    9.4 Subject to the rest of this clause 9 and to the maximum extent permitted by law, Paramount Merchandise total liability to you under or in connection with the Terms is the total fees paid by you to Paramount Merchandise in the 30 days prior to the relevant liability event.

  10. Product recall
    You must co-operate fully with Paramount Merchandise if Paramount Merchandise decides or is required to recall goods supplied to you.

  11. General Conditions
    11.1 Paramount Merchandise reserves the right to change and or replace (in whole or in part) these Terms from time to time by notice in writing to you. Any such change will take effect immediately or otherwise from the effective date set out in the relevant notice.
    11.2 If Paramount Merchandise fails to enforce any term or fails to exercise any right under these Terms at any time, Paramount Merchandise has not waived that term or right.
    11.3 If any provision of these Terms is held to be invalid or unenforceable for any reason, the remaining provisions remain in full force.
    11.4 You consent to receiving promotional material, special offers and other correspondence from Paramount Merchandise by electronic email.
    11.5 Paramount Merchandise may assign any of its rights under these Terms.