In consideration of Direct Skills Pty Ltd (“Direct Skills”) providing the facility of a trading account, I/We agree that:
1. Direct Skills may choose to accept or decline this application and may cancel or vary all credit facilities at any stage, with notice.
2. We will abide by the Terms and Conditions for the supply of Direct Skills services, which may be varied by Direct Skills from time to time. We will inform Direct Skills immediately in writing of any change in the ownership, control or management of the applicant.
3. Upon Direct Skills accepting this application, the trading terms are strictly fourteen (14) days from date of invoice. If the account is not paid by the due date, Direct Skills may withdraw or vary this account without notice, charge interest on any amount overdue at the rates set out in the Terms and Conditions and exercise any other rights set out in the Terms and Conditions.
4. Direct Skills may disclose to a credit reporting agency certain information about the applicant including information contained in this application, the amount of credit applied for, the fact that Direct Skills is a current credit provider to the applicant, payments which may become more than 60 days overdue, a serious credit infringement which Direct Skills believes the applicant has committed and the discharge of the credit trading account (if granted under this application).
5. Direct Skills may, in assessing this application and any later request for a credit limit increase, obtain from a credit reporting agency, a credit report containing the applicant’s personal credit information, commercial activities or commercial credit worthiness.
6. Direct Skills may give to and obtain from any credit provider(s) named in a credit report issued by a credit reporting agency, information about the applicant’s personal or commercial credit arrangements, including its credit worthiness, to assist it to avoid default and to notify other credit providers of a default.
7. Direct Skills may, at its discretion, request the applicant to provide copies of financial statements to assist in determining its credit worthiness.
