Terms: Net 7 Days<br />
Account Name: <br />
Veeken Plumbing Services<br />
BSB: 633 000<br />
Acc No: 158 337 048<br />
<br />
- Building and Construction Industry Security of Payment Act (Victoria):<br />
This is a payment claim made under the Building and Construction Industry Security of Payment Act 2002 (Victoria).<br />
- If payment is not received by the due date, Veeken Plumbing Services Pty Ltd reserves the right to take legal action, including issuing a statutory demand or pursuing further recovery actions to settle outstanding balances.<br />
- Statutory Demand:<br />
In the event of non-payment, Veeken Plumbing Services Pty Ltd reserves the right to issue a statutory demand under the Corporations Act 2001 (Cth). The demand requires payment of the outstanding amount within 21 days. Failure to comply may result in winding-up proceedings or other legal recovery actions.<br />
- Debt Recovery Charges:<br />
Debt recovery charges will be applied if payment is not received by the due date. These charges may include administrative fees, legal expenses, and any third-party collection costs incurred during the recovery process.<br />
- Account-Keeping Fees:<br />
Account-keeping fees will be charged for overdue accounts. These fees cover the costs of managing and maintaining the account while it remains unpaid, compensating for the additional resources required.