| Unless otherwise indicated, United-America
reserve the right to charge additional costs/penalties over an above amounts
stated on outstanding payment due from a customer where payment calculated for
payment within the standard period have not been received within the standard
period for payment. An outstanding payment shall be deemed where the payment is
at the standard seven(7) days terms, yet less than half of the payment
outstanding has been received.
The interest rate charged shall be the same as published by the Commonwealth
Bank of Australia for standard business loans and shall be recalculated on a
monthly basis until payment is received. United-America reserve the right to determine
at what point beyond the standard payment period the penalty interest rate
shall be applied.
In addition, United-America reserve the right to employ third party debt recovery
professionals and/or sell outstanding payment records where no indication that
the outstanding amount is likely to be paid. |