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IMPORTANT ANNOUNCEMENT SER DOCUMENT CHANGES

As shared in previous blogs there has been a great deal of regulatory changes and scrutiny around the banks with the Banking Royal Commission and the new Banking Code Of Practice.

As a result the entire market is obligated to make changes to their documents.

In summary the major document changes are:

1. A few of the important clauses that were already in the T&C’s have been moved onto the schedule/signatory Page. These include the Extension Period and Termination clauses. I stress these are not new clauses simply relocated for better visibility.

2. Rights and Obligations of Guarantors have been updated to make sure there is clarity for the Guarantors as to what they are signing. Again this is not new, it is just simply making it clearer for those customers providing a guarantee.

3. Unfortunately with these mandatory changes on the schedule/signing page, this section is now two pages.

The Changes make the T&C’s much Clearer

Overall the changes are designed to make the current T&C’s clearer for all customers, which we believe can only be a good thing.

We are in the process of finalising these changes and we hope to get the new documents uploaded to Finance Oxygen and emailed out to you as soon as possible. In the meantime if you have any questions or concerns please contact your Account Manager or call us on 1800-73-73-68.

 

Cheers,
Andrew Palmer
General Manager, S.E. Rentals
Contact Andrew

You're invited to follow S.E. Rentals @SE_Rentals on Twitter and join the discussion in our LinkedIn Group.


S.E. Rentals are the finance as a service specialists that will help you grow your business by providing finance solutions in an 'all things technology' future. We provide you with the flexibility, scalability and agility to help you achieve your Managed Service objectives, and our unique in-house software platform automates the process for you with a One Bill Solution - your bill - your document - your branding.

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