The below is reproduced from our full Terms & Conditions of Trade
10.1…. The Customer agrees that Wiresplus Automation & Electrical may obtain information about the Customer from any person, including any credit assessment or debt collection agency, for any purpose being in the course of Wiresplus Automation & Electrical business, including credit assessment and debt collecting. The Customer consents to any person providing Wiresplus Automation & Electrical with such information.
10.2…. The Customer agrees that Wiresplus Automation & Electrical may use, for lawful purposes, any information it has about the Customer relating to the Customer’s creditworthiness.
10.3…. Without limiting the provisions of clauses 10.1 and 10.2, the Customer understands that:
a) Wiresplus Automation & Electrical is asking the Customer for personal information about the Customer for the purpose of:
i. obtaining a credit report on the Customer to help assess the Customer’s creditworthiness for the purpose of Wiresplus Automation & Electrical opening or reviewing a trading account for the Customer, and.
ii. registering the security interest created by clause 6.1 under the PPSA;
b) Wiresplus Automation & Electrical may provide the Customer’s personal information to:
i. a credit checking bureau of The Company’s choice and that bureau will hold that information on their system and use it to provide their credit reporting service, and
ii. the Registrar of Personal Property Securities and the Registrar will hold that information on the PPSR which will be available for searching by the public in accordance with the PPSA;
c) The credit reporting bureau will provide Wiresplus Automation & Electrical with information about the Customer for the purposes outlined in clause 9.3(a)(i), and when other customers of the credit checking bureau use the credit reporting service the credit checking bureau may give the information to those customers too.
d) The Company may use the credit checking bureau’s credit reporting services in the future for purposes related to the provision of credit to the Customer (including personal credit checks against the Customer), and this may include the use of monitoring services to receive updates if any of the information held about the Customer changes.
e) If the Customer defaults in the Customer’s payment obligations to Wiresplus Automation & Electrical, information about that default may be given to the credit reporting bureau and may be provided to other users of that service other than the Customer.
f) The Customer has a right of access to, and may request correction of, personal information held by Wiresplus Automation & Electrical or a third party about the Customer. For those purposes, the Customer understands that he or she may contact Wiresplus Automation & Electrical at the address set out in the application for credit account to which these terms of trade relate, for information.