Thank you for considering Queensland Mint Store.
We understand you have a choice when it comes to precious metals and trust you will enjoy our lower prices, bigger range and better service.
Should you require clarification or additional information please contact our support team on +61 7 3184 8300.
You will also have the opportunity to review this Agreement during initial registration and before you confirm an order with Queensland Mint. The definitions of terms and phrases as well as general rules for interpreting this Agreement are contained at the end of this Agreement.
1.1 This Agreement contains the terms of service that governs the relationship of Queensland Mint Pty Ltd ABN 57 164 269 210 (Queensland Mint) and the person or entity using Queensland Mint's services (you).
1.2 By using the Website or any other Services provided by Queensland Mint, including making purchases from Queensland Mint, making sales to Queensland Mint, placing orders with Queensland Mint, reading articles from Queensland Mint, watching videos from Queensland Mint, viewing pricing data or charts from Queensland Mint, you are agreeing to the terms and conditions set out in this Agreement. Before you may place orders to purchase and/or to sell with Queensland Mint you must read and accept all of the terms in the Agreement.
2. Warranties and acknowledgements
2.1 You represent and warrant to Queensland Mint that:
(a) you have sufficient experience and knowledge to make informed decisions to purchase bullion from and/or sell bullion to Queensland Mint;
(b) if you are not an expert in investing in bullion then you have obtained independent professional advice in relation to the risks associated with investing in bullion
(c) you are making all of your own decisions in connection with the Services, purchases and/or sales and that Queensland Mint is not making any recommendation with respect to such Services, purchases and/or such sales.
2.2 You acknowledge that:
(a) investment in precious metals provides no guarantee of interest or yield. Our staff are precious metal experts not financial advisors. Queensland Mint does not give any advice or make any representation as to the investment value of its products or their suitability for individual clients;
(b) information provided on Queensland Mint’s website may be sourced from a third party and is provided for general information and educational purposes only and will not have taken your particular situation or needs into consideration. Any blogs, videos, charts, tables, data, articles, RRS feeds, email, or any other communication provided by Queensland Mint will not have considered your particular needs or financial situation. Queensland Mint recommends you seek professional advice before making precious metal investments;
(c) under certain market or other conditions (such as technological or other disruptions), you may not be able to sell bullion to Queensland Mint or sell such bullion at prices acceptable to you; and
(d) when you call for the delivery of bullion that is stored by Queensland Mint in Unallocated Storage or otherwise, there may be a delay in delivering the bullion to you caused by a number of factors, including the requirement for the bullion to be barred and delivered, and you acknowledge that Queensland Mint is not liable for any loss caused to you by any such delay.
2.3 You acknowledge that any purchase or sale of Bullion using the Bullion Trading Services is subject to a variety of risks, some of which are beyond the control of Queensland Mint, and you expressly acknowledge that Queensland Mint is not liable or responsible for those risks, for which you have sole responsibility. The risks associated with purchase/sale of Bullion include:
(a) risks associated with the price volatility of the bullion, particularly precious metals;
(b) the value of a bullion coin (e.g. gold kangaroors or silver kookaburras) and bullion bars are affected by many economic factors, including the current market price of bullion and the perceived scarcity of the product and other factors. Some of these factors include the quality and current demand and general market sentiment. Therefore, because both bullion bars and bullion coins can go down as well as up in value, investing in them may not be suitable for everyone.
(c) that bullion bars and bullion coins can decline in value and you should understand them well, and have adequate cash reserves and disposable income before considering a bullion or coin investment.
3. Limitations of liability, disclaimer and indemnity
3.1 Queensland Mint excludes (to the maximum extent permitted by law)from this Agreement all conditions, warranties and terms implied by statue, general law or custom.
3.2 Queensland Mint excludes all liability to any person, including you, and you release and indemnify Queensland Mint against all acts or omissions of Queensland Mint in tort (including negligence), contract, bailment or otherwise for loss of, damage to any bullion, or any delay or other failure arising out of the performance of the Services or this Agreement.
3.3 The exclusions, releases and indemnities in clauses 2.1 and 2.2 operate to the extent permitted by law and extend to loss of profits, business or anticipated savings or any other indirect or consequential damage and to economic loss and even if Queensland Mint knows they are possible or otherwise foreseeable.
3.4 Queensland Mint, in addition to performing the Services itself, also may engage third parties to perform the Services so they are entitled to the full benefit of these conditions, including any exclusions or limitations of liability, to the same extent as Queensland Mint.
3.5 Even if Queensland Mint breaches a storage contract or any of its or these conditions, all the rights, immunities and limitations of liability in this Agreement continue to have their full force and effect in all circumstances.
3.6 In the event that Queensland Mint is liable to you despite the provisions of this Agreement in connection with a Service, Queensland Mint’s liability shall be limited to the amount, if any, that you paid for such Service.
3.7 You indemnify and hold harmless Queensland Mint and its affiliates, directors, officers and shareholders from and against any and all costs, damages, expenses, liabilities and obligations, including reasonable legal fees on an indemnity basis, as a result of, or in connection with:
(a) any breach of any representation or warranty made by you to Queensland Mint; or
(b) any failure by you to comply with this Agreement.
4. Bullion Trading Services
4.1 Queensland Mint offers to buy and sell Bullion through the Bullion Trading Services. Queensland Mint will not be liable to you for any loss suffered if Queensland Mint discontinues any of the Bullion Trading Services.
4.2 The price at which Queensland Mint will buy or sell Bullion is published on the Website, changes from time to time and is applicable to a particular item of Bullion.
4.3 Once you have offered to buy or sell Bullion you have made an irrevocable offer to purchase the Bullion referred to in the order on the terms of this Agreement. Queensland Mint may accept this offer at any time and you indemnify Queensland Mint for any loss it suffers if you purport to withdraw this offer. When ordering through the Website, by email or telephone you will be issued an order number and the price for the Bullion when your order is submitted is your locked-in price.
4.4 Queensland Mint reserves the right to refuse or cancel any order in Queensland Mint’s absolute discretion until the Bullion is shipped to you even when an order number has been issued to you, including in such circumstances where the order is deemed questionable or exposes Queensland Mint to risk, regardless of payment method, price confirmation or order status.
4.5 When confirming your order Queensland Mint will provide you with details of the price for the Bullion and payment instructions by email. Queensland Mint does not accept cash on delivery. orders. Any amounts detailed on an invoice as owing to Queensland Mint must be paid and cleared in Queensland Mint’s bank account within 24 hours of the invoice date or the Market Loss Policy will apply and the order will be subject to cancellation by Queensland Mint.
4.6 It is not Queensland Mint’s intention to enter into buying and/or selling transactions, accepting the risks involved only to have them cancelled by you. However, Queensland Mint realises that there are rare situations where orders need to be cancelled. If you want to cancel and/or offset your order, you must do so during normal business hours of 10:00 – 4:00 Sydney time, Monday to Friday. Queensland Mint does not need to accept a cancellation of an order.
4.7 All cancellations are subject to Queensland Mint’s market loss policy set out in clause 5, plus a $150 cancellation fee. Cancellations may only be approved over the telephone, at which time you will be given a cancellation number. At the time of approval of a cancellation, if any market loss to Queensland Mint has occurred, it will be calculated and added to the $150 cancellation fee. If you have not paid the market loss and any cancellation fee by credit card Queensland Mint will invoice you in which case you will have 3 days to pay any amount shown in the invoice in full. Any amounts outstanding to Queensland Mint pursuant to this clause or otherwise will accrue interest on daily balances and compound monthly at the rate of 15% per annum.
4.8 Queensland Mint will not accept any future orders and you may not place any future orders until all amounts owing to Queensland Mint are paid in full and Queensland Mint will have lien over any Bullion stored by Queensland Mint to satisfy any amount owing to Queensland Mint.
5.1 Order entry systems have been designed to provide an efficient and dependable method for entering orders. Commercial internet service providers are not 100% reliable and a failure by one or more of these providers may affect internet based order entry. You acknowledge that the order entry system is a mechanical system and as such may be subject to failure beyond the control of Queensland Mint.
5.2 All orders placed through the order entry system or by phone are taken on a best efforts basis. All orders shall remain pending at the full discretion of Queensland Mint. Queensland Mint shall not be responsible for errors, negligence, inability to execute orders and/or market loss related to a cancelled order. Nor shall Queensland Mint be responsible for any delays in the transmission, delivery or execution any order placed by you due to breakdown or failure of transmission or communication facilities, or as a result of any other cause or causes beyond Queensland Mint’s reasonable control or anticipation including issues relating to supply of stock.
5.3 Queensland Mint specifically disclaims any liability or responsibility for orders placed via the Queensland Mint online order entry system and for any loses or direct, indirect, consequential or incidental damages which you may incur as a result of the use of the Queensland Mint online order entry system. Further, Queensland Mint specifically disclaims any liability for the interruption, cancellation or other termination of the Queensland Mint online order entry system.
6. Market loss policy
6.1 The Queensland Mint Market Loss Policy is designed on “fairness” principles and will apply where you fail to comply with your contractual obligations resulting in administrative and/or market losses to Queensland Mint or where you are exercising your rights pursuant to this Agreement to call for Queensland Mint to buyback any Bullion sold to you. The Market Loss Policy will apply in Queensland Mint’s absolute discretion.
6.2 Market loss will be solely determined by Queensland Mint and will based on any loss or cost that Queensland Mint has suffered or will suffer as a result of you cancelling your order, including any change in the spot price of the Bullion you agreed to purchase, any costs Queensland Mint has incurred in arranging for the sale or delivery of the Bullion and any administrative costs or break costs for any contract Queensland Mint has entered into in connection with your order. The amount notified to you by Queensland Mint will be the Market Loss.
6.3 Any Market Loss will be automatically deducted from your credit card. If such Market Loss cannot be paid by credit card an invoice will be raised and you must pay any amounts shown on the invoice by direct bank transfer or alternate credit card within 3 days.
6.4 In addition to the other rights and remedies available to Queensland Mint, in the event of any failure by you to comply with this Agreement, Queensland Mint may, without limiting its other rights and its other remedies, suspend or terminate any account you hold with Queensland Mint. The suspension or the termination of your account shall not affect your obligations under this Agreement.
6.5 If you are in breach of this Agreement, including where you fail to pay for any Market Loss, Queensland Mint may, without limiting its other rights and remedies, apply any of your funds or metal holdings in its possession (including amounts paid by you for other purchases or amounts payable to you for sales of Bullion), to pay your monetary obligations to Queensland Mint and may offset any monetary obligations that Queensland Mint has to you against your monetary obligations to Queensland Mint.
6.6 Any market gain on cancellations shall remain the property of Queensland Mint.
7. Shipment and insurance policy.
7.1 Queensland Mint safely and securely ships precious metals within Australia and around the world every day. Clear policies and disciplined processes are central to secure, fast, cost effective precious metal shipments. Queensland Mint reserves the right to determine the most appropriate method of shipment unless specifically prearranged with you at time of order. The carrier chosen will depend on your location, order value and/or cubic measurements. Additional charges may apply for shipping method changes.
7.2 All Queensland Mint orders for delivery within Australia require insurance. This will be calculated automatically as a percentage of the total order value and clearly stated in the ordering process. You will not have any rights in any insurance payment.
7.3 The following terms apply if you are an international customer:
(a) As a leading international bullion dealer, Queensland Mint has a successful track record of shipping gold and silver all over the world. Queensland Mint partners with Fed Ex, EMS, UPS, Brinks and Armaguard and ship into most countries.
(b) Queensland Mint accepts international orders over the internet and by phoning +612 80040202. Insurance is not available for all international orders and Queensland Mint recommends that you are required to contact Queensland Mint prior to placing an order to confirm whether insurance is available for your order.
(c) All internet orders remain pending until we have reviewed the configuration, shipping and insurance rates and assessed the customs information for your country.
(d) International orders must also be paid by bank wire or transfer and until payment is received Queensland Mint reserves the right to cancel any order (in addition to any other rights of cancellation Queensland Mint has pursuant to this Agreement).
(e) International delivery options will vary by destination and are at the discretion of Queensland Mint. Should you have specific shipping requirements you are required to contact Queensland Mint before making your purchase.
(f) You acknowledge that all customs and taxation issues are your responsibility and Queensland Mint will not be liable for any failure for Bullion to clear customs or for any adverse tax consequences as a result of your sale or purchase.
8. Buyback policy
8.1 Queensland Mint provides all its customers with a buyback guarantee in the form of a refund, return and/or exchange policy on everything sold by Queensland Mint including all bullion bars and bullion coins.
8.2 You may exercise your rights under the buyback policy at any time up to three (3) days from the date on which you receive your item purchased from Queensland Mint provided you notify Queensland Mint and the item is kept in its original packaging and is not damaged.
8.3 On exercising your rights under this clause 7, Queensland Mint’s Market Loss Policy will apply to Bullion related items and the customer may (at Queensland Mint’s discretion) be required to pay for any other costs, including shipping costs, incurred by Queensland Mint in connection with the returned items. If an exchange is requested, Queensland Mint reserves the right to find an acceptable replacement or refund your money less shipping costs, administrative costs and any Market Loss.
8.4 Any market gain on refunds or returned items shall remain the property of Queensland Mint.
8.5 Queensland Mint wants its customers to be pleased with their purchases. If for any reason you have a problem, please feel free to call Queensland Mint’s offices to discuss. Beyond the three day buyback period provided by this clause 8, if you want to liquidate any Bullion or sell any items purchased by Queensland Mint you may be able to place an order to sell same to Queensland Mint.
9. Allocated Storage
9.1 Queensland Mint offers secure storage facilities for its customers for allocated and unallocated Bullion for an annual fee. In addition to the other clauses contained in this Agreement, clauses 9 and 11 apply where Queensland Mint has agreed to provide Allocated Storage to you.
9.2 If you desire to have Queensland Mint store your Bullion by way of Allocated Storage you must contact Queensland Mint with the details of the Bullion to be stored. Queensland Mint will then provide you with a quote for the storage charges for the period up until the next 30 June following the date of the quote. You may then place an offer with Queensland Mint for Queensland Mint to provide Allocated Storage.
9.3 You warrant that you have fully and adequately described any Bullion tendered for storage, including its nature, weight and measurements and complied with all applicable laws and regulations in relation to the Bullion. You warrant that you are the owner or the authorised agent of the owner of the Bullion and that you accept this Agreement for yourself and for any other person having an interest in the Bullion.
10. Unallocated Storage
10.1 In addition to the other clauses contained in this Agreement, clauses 10 and 11 apply where Queensland Mint has agreed to provide Unallocated Storage to you.
10.2 Queensland Mint offers customers the option of purchasing Bullion by way of an unallocated ‘pool’ of the same type of Bullion. This is referred to as Unallocated Storage. If a customer wishes to purchase an unallocated portion of Bullion, Queensland Mint may agree to sell that Bullion to the customer, but Queensland Mint will arrange to store the Bullion on behalf of the customer until the customer calls for delivery of the Bullion.
10.3 You can request that Queensland Mint provide you with Unallocated Storage of Bullion, by placing an order for the quantity of Bullion that you wish to purchase. The payment arrangements for Unallocated Storage are the same as apply in relation to the Bullion Trading Services specified earlier in this Agreement.
10.4 Queensland Mint will advise you at the time of placing an order whether there are any storage charges for Unallocated Storage, which must be paid. Queensland Mint may impose storage charges in the future for Unallocated Storage even if they are not imposed at the date your order is placed or accepted by Queensland Mint and if you are not willing to pay these charges Queensland Mint may terminate this Agreement and deliver the Bullion to you. If Queensland Mint delivers the Bullion to you, you will have to pay any reasonable freight, handling, barring and other expenses incurred by Queensland Mint.
10.5 If Queensland Mint accepts an order for Unallocated Storage it will notify you by email.
10.6 You acknowledge that:
(a) any Bullion purchased pursuant to an Unallocated Storage service will not be set aside or earmarked for you, as the Bullion will remain part of a larger pool of the same type of Bullion;
(b) you will have no rights in the larger ‘pool’ that contains your Bullion, except to call for delivery of your Bullion upon payment of the charges notified by Queensland Mint at the time you call for delivery; and
(c) you may not sell, assign, encumber or otherwise deal with the unallocated Bullion except with the prior written consent of Queensland Mint, such consent to be withheld in Queensland Mint’s absolute discretion.
11. General storage terms
11.1 This clause 11 applies to both Allocated Storage and Unallocated Storage.
11.2 Storage charges
(a) Storage charges for Allocated Storage are incurred annually and apply from the date your order for storage is accepted by Queensland Mint up until the following 30 June in any given year. Queensland Mint will issue invoices prior to 30 June each year for storage charges that apply for the next year of storage.
(b) You must:
(i) unless otherwise agreed, pay Queensland Mint any charges quoted for the Allocated Storage in Australian dollars within 7 days of the date of Queensland Mint’s invoice;
(ii) pay Queensland Mint any charges or expenses not recouped out of the proceeds of sale of the Bullion if Queensland Mint exercises its power of sale pursuant to this Agreement;
(iii) pay Queensland Mint any charges, freight, handling or other expenses incurred in relation to the redelivery of the Bullion if you cease to utilise the Allocated Storage for your Bullion or any part of your Bullion; and
(iv) pay Queensland Mint for any costs or expenses it incurs associated with barring any Bullion that is Unallocated Storage.
(c) Queensland Mint will not refund any payment for storage fees under any circumstances.
(d) Queensland Mint’s quoted charges represent the exclusive value of the supply for GST purposes.
11.3 You acknowledge that Queensland Mint may subcontract its storage obligations without your consent and that the Bullion may be stored in a facility managed by a third party. Any exclusions of liability or indemnities provided by you under this Agreement will extend to the third party.
11.4 Queensland Mint will only accept an offer for Allocated Storage or Unallocated Storage where Queensland Mint’s facilities permit and on any additional terms and conditions notified to you at the time of you placing an order. Queensland Mint may refuse to provide Allocated Storage or Unallocated Storage at its discretion.
11.5 Certificate of title
(a) Queensland Mint will provide you with a certificate of title where it is storing Bullion on your behalf. This certificate of title may be issued by a third party who is storing the Bullion pursuant to an agreement with Queensland Mint. You may ask to see a draft certificate of title on request.
(b) The certificate of title referred to in paragraph (a) may impose conditions on dealings with the certificate of title or the Bullion that is the subject of the certificate of title and you are taken to have accepted those conditions if you have not notified Queensland Mint or the third party who issued the certificate of title within three days of receipt of the certificate of title. If you reject the terms contained in the certificate of tile and the certificate of title relates to Unallocated Storage, then you may liquidate your Unallocated Storage arrangement with Queensland Mint and the Market Loss policy will apply.
(c) You irrevocably authorise Queensland Mint to give notice to any third party who has issued you a certificate of title referred to in paragraph (a) to call for the delivery of any Bullion that is subject to Allocated Storage or Unallocated Storage when you call for the return the Bullion or are in default of this Agreement.
(a) Queensland Mint has a general lien on any Bullion and on any other goods that you have provided to Queensland Mint for all charges due or which become due on any account whether for storage of the Bullion or any other goods or any other of Queensland Mint’s Services. Queensland Mint may exercise this lien where any amounts remain owing to Queensland Mint for a period in excess of one month.
(b) If any charges or amounts owing to Queensland Mint pursuant to this Agreement are not paid when due or the Bullion is not collected when so required or designated, Queensland Mint may, without notice:
(i) remove all or any of the Bullion and store them as Queensland Mint thinks fit at your risk and expense; or
(ii) sell all or any of the Bullion as Queensland Mint thinks fit and apply the proceeds to discharge the lien and costs of sale without being liable to any person for any loss or damage caused; or
(iii) Queensland Mint may deduct or set-off from any moneys due from Queensland Mint to you under any contract, debts and moneys due from you to Queensland Mint pursuant to this Agreement conditions or any under any contract.
(a) If the PPSA applies to any Allocated Storage or Unallocated Storage arrangement, the following provisions of this clause 11.4 shall apply and terms defined in the PPSA shall have the same meaning when used in this clause 11.4 unless the context otherwise requires.
(b) You will not have any security interest over any personal property which is stored by Queensland Mint or any third party on behalf of Queensland Mint and you undertake not to register any financing statement over Queensland Mint or said third party in connection with any purported security interest over personal property stored by Queensland Mint.
(c) If you have contracted with Queensland Mint for Unallocated Storage, you waive all rights of enforcing any purported security interest in the pool of bullion in which your unallocated Bullion may exist.
(d) If Chapter 4 of the PPSA would otherwise apply to the enforcement of a security interest held by Queensland Mint or that arises out of this Agreement, the parties agree that each of the provisions of the PPSA which section 115 of the PPSA permits parties to contact out of, other than sections 117, 118, 134(1) and 135 do not apply to the enforcement of such security interest.
11.8 At any time by providing at least 7 days’ written notice, you may call for the delivery of any Bullion contained in Allocated Storage or Unallocated Storage. Queensland Mint will then make arrangements for the delivery of the Bullion to you, such arrangements including barring for unallocated Bullion, freight and handling of the Bullion. Queensland Mint will endeavour to advise you as soon as possible of the expected date of delivery of the Bullion. Queensland Mint will not be liable for any delay in delivery of the Bullion for any reason whatsoever.
12.1 Queensland Mint uses an offline Westpac Payment Gateway (for credit card payments) combined with a rapidSSL SSL Certificate to provide a secure environment for the processing of orders over the internet. Queensland Mint reserves the right to change its payment method without notice to you.
12.2 All confidential information including your credit card details are encrypted the moment they are transmitted from your browser to Queensland Mint’s servers using industry standard SSL 256-bit RC4 encryption technology. However, Queensland Mint accepts no responsibility for loss or damage suffered by you in connection with you providing your credit card details to Queensland Mint except in the case of wilful misconduct by Queensland Mint.
13. Termination and default
13.1 Upon any failure by you to comply with your obligations to Queensland Mint or upon any breach of this Agreement, Queensland Mint shall have all of the rights and the remedies available to Queensland Mint, whether at law, in equity or otherwise, including the rights and remedies under this Agreement.
13.2 In addition to the other rights and the other remedies available to Queensland Mint, in the event of any failure by you to comply with this Agreement, Queensland Mint may charge the credit card on which you have provided Queensland Mint for any amounts due to Queensland Mint including any Market Loss incurred by Queensland Mint, cancellation fees and Queensland Mint’s reasonable legal and other expenses incurred as a result of your breach of this Agreement on an indemnity basis. You expressly authorise Queensland Mint to charge your credit card for all such amounts.
13.3 In the event that Queensland Mint must take any action against you to enforce your obligations under this Agreement, including where Queensland Mint refers your account to a collection agency or a lawyer for collection, you shall pay all of the costs and the expenses incurred by Queensland Mint on an indemnity basis in connection with such action.
13.4 If you are in default of this Agreement and have engaged Queensland Mint to provide Allocated Storage or Unallocated Storage then Queensland Mint may, in its absolute discretion, do anything required to redeliver the Bullion that is being stored to you, including barring any unallocated Bullion, and Queensland Mint may charge any amount incurred in doing so from your credit card. If for any reason Queensland Mint cannot charge your credit card then any costs or expenses incurred by Queensland Mint will be a debt due to Queensland Mint payable immediately.
16. No relationship
16.1 The sole relationship between Queensland Mint and you is a purchaser-seller relationship. No other relationship, including, without limitation, any agent-principal relationship, any employee-employer relationship, any franchisee-franchisor relationship, any joint venture relationship or any partnership relationship, between Queensland Mint and you exists.
17. Force Majeure
17.1 If Queensland Mint cannot perform any obligation under this Agreement as a result of any event that is beyond its control, including, government intervention or regulation, military activity, strikes, terrorism, financial crisis, derivative meltdown, failure of a supplier or storage partner or any other circumstances that may cause Queensland Mint's delay or fail to perform such obligation shall be excused and Queensland Mint shall not be liable for any damages as a result of, or in connection with, such delay or such failure.
18.1 Under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006, it is an Australian legal requirement for all bullion dealers and other financial institutions to collect information about clients under certain circumstances. You can find out more by visiting the AUSTRAC website or contacting AUSTRAC on 1300 021 037 or [email protected]
18.2 Queensland Mint will inform you when AUSTRAC requirements apply to any sale of purchase of Bullion by you. AUSTRAC requirements will be automatically triggered by absolute or cumulative purchases above AUD$5,000. However, Queensland Mint reserves the right to request AUSTRAC information at its own discretion.
18.3 If we have requested AUSTRAC information from you, no shipments can be made until the AUSTRAC documentation is on file. Refusal to submit AUSTRAC documentation may trigger a cancellation of your order or the Market Loss Policy.
19. Definitions and interpretation
19.1 In this Agreement, except to the extent that the context otherwise requires:
(a) Agreement means this agreement comprising these terms and conditions and any other document incorporated into this agreement by express reference;
(b) Allocated Storage means the storage of particular items of Bullion owned by you on the terms of this Agreement;
(c) Bullion means gold, silver, platinum or other precious metals offered for sale or purchase by Queensland Mint from time to time and any other such metals which are offered to be held by Queensland Mint in Allocated Storage or Unallocated Storage;
(d) Bullion Trading Services means the services provided by Queensland Mint for the sale and purchase of Bullion, which are provided through the Website, by email and by phone;
(e) Market Loss Policy means Queensland Mint’s policy applicable to cancelled orders or other circumstances provided for by this Agreement, which is set out in clause 4.7;
(f) Services means the Website, Allocated Storage, Unallocated Storage, the Online Order Services and any account held by you with Queensland Mint;
(g) PPSA means the Personal Property Securities Act 2009 (Cth);
(h) Unallocated Storage means the storage of unallocated Bullion on the terms of this Agreement; and
(i) Website means the website or websites operated by Queensland Mint in connection with the Services.
19.2 In this Agreement, except to the extent that the context otherwise requires:
(a) words importing the singular include the plural and vice versa;
(b) headings are for convenience only and do not affect interpretation of this Agreement;
(c) the words “includes”, “including” or “such as” are not words of limitation, and when introducing an example, do not limit the meaning of the words to which the example relates to examples of a similar kind;
(d) a reference to a clause or paragraph is a reference to a clause or paragraph of this Agreement;
(e) where a word or phrase is given a particular meaning, other parts of speech or grammatical forms of that word or phrase have corresponding meanings;
(f) an expression importing a natural person includes a body corporate, partnership, joint venture, association or other legal entity;
(g) a reference to a document or agreement includes a reference to that document or agreement as amended or replaced from time to time;
(h) a reference to a party to a document includes that party’s legal personal representatives, successors and permitted assigns;
(i) a covenant or agreement on the part of or for the benefit of two or more persons binds or benefits them jointly and severally; and
(j) a reference to a body, whether statutory or not:
(i) which ceases to exist; or
(ii) whose powers or functions are transferred to another body; is a reference to the body which replaces it or which substantially succeeds to its powers or functions.
You may not assign this Agreement or any of your rights or your obligations under this Agreement without the prior written consent of Queensland Mint, which may be granted or withheld by Queensland Mint in its sole discretion. This Agreement shall be binding on all permitted assigns and successors of Queensland Mint and you. Queensland Mint may assign this Agreement or any of Queensland Mint’s obligations pursuant to this Agreement without your consent.
21. Governing Law
This Agreement shall be governed by, and interpreted in accordance with, the laws of Queensland, Australia. Each party irrevocably submits to the non-exclusive jurisdiction of the courts of Queensland.
22. Further Assurances
You shall execute and deliver such other documents and take such other actions as may be reasonably requested by Queensland Mint to give full effect to this Agreement.
Except as otherwise provided in this Agreement, all notices and other communications to Queensland Mint shall be posted to Queensland Mint’s registered office and all notices and other communications to you shall be directed, at the option of Queensland Mint, to the address that you provided to Queensland Mint at the time of registration of your account or to the email address that you provided to Queensland Mint at the time of registration of your account.
24. Recording of Phone Conversations
25. Absence of Waivers
25.1 Any failure or delay by Queensland Mint to exercise a power or right does not operate as a waiver of that power or right.
25.2 The exercise of a power or right does not preclude:
(a) its future exercise; or
(b) the exercise of any other power or right.
25.3 The variation or waiver of a provision of this Agreement or a party’s consent to a departure from a provision by another party will be ineffective unless in writing executed by the parties.
This Agreement is intended to be enforceable to the fullest extent permitted by law. If any term or part of this Agreement is unenforceable the unenforceability does not affect any other terms or part of the term or any other term.
26.1 Queensland Mint may amend this Agreement at any time by posting the amended terms on the website. Except as otherwise provided in the Agreement, the amended will take effect for any use of the Services that takes place after publication of the amendment.
26.2 This Agreement may not be otherwise amended except by written agreement between Queensland Mint and you.
27. Entire Agreement
This Agreement sets forth the entire understanding between Queensland Mint and you with respect to the subject matter of this Agreement.
29. No merger
Nothing in this Agreement merges, extinguishes, postpones, lessens or otherwise prejudicially affects any right, power or remedy that a party may have against another party or any other person at any time.
If you have any questions with respect to this Agreement or your rights and your obligations under this Agreement, contact Queensland Mint on +61 7 3184 8300 or [email protected]