Fillable Businesschoice Credit Card Switch Application Form (Page 2 of 3) in pdf

6. Card Limit Allocation

8. Principal(s) Declaration – Continued

The credit limit allocation per cardholder on your New Card will be

I/we acknowledge and fully understand that:

the same as that on your Existing Card.

• By signing this form I/we declare that I/we have read, understood

Please complete this section only if switching FROM a

and accepted the Terms and Conditions applicable to the new

BusinessChoice MasterCard Credit card. Please set out directly

BusinessChoice Everyday or Rewards credit card I/we am/are

below the percentage (%) of your Business Credit Limit that you

switching to (as indicated in Section 2 of this form).

would like to apportion to each cardholder.

• The interest rate(s), interest-free period, annual fee and other fees

applicable to the New Card to which I/we am/are switching may

Principal 1

Additional Cardholder 1

differ from those that apply to my/our Existing Card and standard

fees and charges and interest rates are available on request.

Principal 2 (If applicable)

Additional Cardholder 2

• The Principal(s) whose details stated in Section 4 and 5 of this form

Additional Cardholder 3

must be a cardholder.

Notes

• The cardholder(s) on my new BusinessChoice Everyday or Rewards

facility will be the same as on my existing credit facility.

• The Business Credit Limit on your New Card will be the same as

that on your Existing Card.

• The Business Credit Limit on my/our new BusinessChoice Everyday

or Rewards facility will be the same as that on my/our Existing Card.

• Minimum credit limit of $1,000 applies to each cardholder – the

• If applicable, the Direct Debit Request (Autopay) arrangement on

credit limit (corresponding to above percentage) apportioned to

my/our new BusinessChoice Everyday or Rewards facility will be the

each Cardholder must be equal to or greater than $1,000.

same as that on my/our Existing Card.

• Please ensure the percentage(s) you provide above add up to

• Rewards points only accrue at the individual cardholder level where,

100% or less.

and only if, the individual cardholder provides Westpac with their

valid Qantas Frequent Flyer Membership number pursuant to the

• If the dollar ($) value of the credit limit for each cardholder is

BusinessChoice Rewards Card Terms and Conditions.

less than $1,000 or the total percentage (%) allocated to each

• Westpac has not given and does not purport to give any taxation

cardholder added together is greater than 100% or you have

advice and Westpac recommends that I/we obtain my/our own

otherwise not completed this section correctly or at all, the

independent taxation advice.

Business Credit Limit will be apportioned equally among the

cardholders identified in this form.

• Activation of the new BusinessChoice Everyday or Rewards facility by

Principal 1 or Principal 2 (if there is one), will:

7. Your Card Collection Details

- Constitute the first use of the New Card and I/we and the Business

will become bound by the New Card’s Terms and Conditions.

In this switching process your new BusinessChoice Everyday/Rewards

- Trigger the transfer of any outstanding balances of my/our

credit card(s) will normally be mailed to your company/business

Existing Card to the New Card and any such balances will be

address, however for security purposes or verification of a Principal’s

treated the same way in the New Card, for example:

identity or other details, they may need to be delivered to the

• Outstanding balances in the Existing Card Billing Account will

Westpac branch you nominate below.

be transferred to the New Card Billing Account;

Street name

• Outstanding balances in the Existing Card Card Account(s) will

be transferred to the New Card Card Account(s);

• Outstanding Cash Advances will be transferred to the New Card

Suburb/town

State

Postcode

as outstanding Cash Advances (Outstanding Cash Advances

will attract standard product interest rate applicable to Cash

Advances and will not gain benefit of interest free period);

If your application is approved, we will write to advise you and other

• Outstanding purchases will be transferred to the New Card as

cardholder(s) of the card delivery details.

outstanding purchases.

- Constitute the termination of my/our agreement for the Existing Card.

8. Principal(s) Declaration

Business Purpose Declaration

I/we authorise the establishment of the credit facility in the name

I/we declare that the credit to be provided to me/us by the credit

provider is to be applied wholly or predominantly for:

set out in Section 3 and authorise Westpac to issue BusinessChoice

cards to the cardholders nominated for my/our Existing Card,

• business purposes; or

or person(s) nominated by me/us subsequently in the future. I/

• investments purposes other than investment in residential property.

we nominate myself / Principal 1 to receive reports, statements of

IMPORTANT

account and other documentation and information in relation to the

You should only sign this declaration if this loan is wholly or

BusinessChoice Facility.

predominantly for:

I/we agree and acknowledge that my/our signature(s) below

• business purposes, or

evidences my/our understanding and consent to all matters set out in

• investment purposes other than investment in residential

this form, including the Acknowledgements and Consents outlined in

property.

Section 9 of this form.

By signing this declaration you may lose your protection under the

National Credit Code.

Joint & Several Liability of Principal(s)

Principal 1 Signature

Date

I understand that signing this application form indicates my

agreement to continue be a joint debtor and jointly and severally

liable for any amount, including the full amount, owed to Westpac

under the BusinessChoice facility. I also understand that I, another

Print Name

Principal or the Business may terminate their liability in respect of

increases in the Business Credit Limit or a Cardholder’s Credit Limit

but only by giving Westpac written notice and only if Westpac is

Principal 2 Signature

Date

permitted to terminate all of its obligations to all other joint debtors

in relation to the further credit limit increase.

I understand that signing this application form confirms that

I will benefit from agreeing to be a joint debtor in respect of

Print Name

the BusinessChoice facility (e.g. while the card must be used

predominantly for business purposes, I also understand I may use my

card partly for my personal benefit).

Note: If a Sole Trader, the Principal must sign. If a Partnership, 2

partners must sign. If a Company, this must be signed in accordance

with the company’s constitution or the replaceable rules (if applicable).

Businesschoice Credit Card Switch Application Form Page 2

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