Common use of Charges & Payment Clause in Contracts

Charges & Payment. 5.1 Charges for the Services are determined in accordance with the Application Form (‘Fees’) and may include: a) An establishment fee or brokerage fee agreed between the parties; and b) Charges billed to you as part of your electricity retailer’s metering costs; and c) Vendor commission or incentives that will be fully disclosed to you. 5.2 Our payment terms are 30 days from invoice date. 5.3 Payment is to be by cheque, Electronic Funds Transfer (EFT), Direct Debit or via your electricity retailers metering charge as agreed in the Application Form. 5.4 Any costs incurred by us in the collection of outstanding amounts will be added to your total outstanding amount. 5.5 You will provide all reasonable assistance to enable us to deliver Services and charge for Services, including but not limited to (a) the instruction of meter co-ordinators to collect Fees for Services on behalf of us, (b) your nomination of us to meter co-ordinators as your exclusive Service provider, (c) that you inform and provide written notice of existence and provide copies of any related MCA agreements with metering coordinators arranged by us to any electricity retailer as part of any related electricity contract that you enter into during the term of this Agreement, (d) that you during the term of this Agreement maintain currency and not terminate or cancel any MCA that supports the provision of Services and payment of Fees. 5.6 Fees may be varied annually or on the 1st of July each year. Any increase will limited to the greater of any increase in the Australian Bureau of Statistics Consumer Price Index, the Australian Electricity Regulator average network tariff increase for that year or 5%.