When you purchase gold from us
At the time an invoice or purchase order is created you enter into a binding contract with ABC and the price is locked in. In the event of any default by you an administration fee of $330 (plus any other losses incurred by ABC) will be charged. Payment is due within 1 business day of the time of processing. • Prices are live and updated every 5 minutes.
When we purchase gold from you
At the time you place a sell order on our site, this is an offer to sell only and is not a binding contract with ABC. ABC will confirm within 1 business day of the placing of a sell order whether it accepts the offer. If the offer is accepted, the sale price will be locked to the price at the time the sell order was placed.
When you store gold with us
ABC offers a range of different storage services, including storage of individual gold bars or an interest in a shared and regularly audited 'pool' of gold.
ABC – means Australian Bullion Company (NSW) Pty Ltd, Australian Bullion Company (Jewellery) Pty Ltd and/or ABC Bullion as the case may be.
Account – means an account held by ABC on your behalf for the purpose of facilitating any transaction, Product or Service, including storing, holding or trading on your behalf.
ACL – means the Australian Consumer Law Schedule of the Competition and Consumer Act (2010).
AML/CTF Act – means the Anti-Money Laundering and Counter-Terrorism Financing Act (2006).
AML/CTF Rules – means the Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No.1).
Authorised Agent – means any person you have properly authorised to give trading or funding instructions to us on your behalf in connection with your account including an Additional Operating Authority or Collection Authority
Available Funds – means cleared funds, including funds which have been made available by means of direct debit.
Business Day – means a day in which banks and foreign exchange markets are open for business in Sydney, Australia.
Consumer – is as defined in the ACL and in determining if you are a consumer, the determination is made if you are a consumer under the Contract.
Contract – means the contract evidenced by and created when we issue an invoice, purchase order or metal refining request under clauses 9 of these Terms.
PPSA – means the Personal Property Securities Act (2010),
Product – means precious metals and any other products sold or purchased by us from time to time.
Secured Moneys means all purchase moneys, storage fees, interest fees, administrative fees, commission, costs, taxes, charges or other moneys owing by you to ABC pursuant to this Agreement from time to time.
Security Interest – means a security interest as defined by section 12 of the PPSA.
Your Information means relevant information about you or your entity such as your full name, date of birth, business name, residential address, business address, ABN and your interactions with us (such as trades), copies of personal ID documents such as your driver’s licence, passport, Medicare card, bank statements, rates notices or any other documents that prove your identity or information about you that is publicly available, for example from public registers or social media.
Services – means any services provided by ABC, including holding or trading, assaying, refining, storage, insurance and delivery.
Terms – means these Terms of Business.
Your Contract with Us
from time to time however we are not bound to accept any offer/order/inquiry received from you.
ABC Bullion Gold Saver
Payment and Settlement Obligations and Default
Online ID Check
Level 6 88 Pitt Street Sydney NSW 2000 Australia
P: +61 2 9231 4511 F: +61 2 9233 2227 E: email@example.com