Applying for credit

If you have a PPSR account and wish to open a credit account, you need to apply to the Australian Financial Security Authority (AFSA) and complete a credit application form.

A credit account means all your transactions will be charged to your account and you are billed monthly. Invoices are emailed to the email address you have nominated on your PPSR account.

Make sure you read the terms and conditions (see below) before completing the credit application form.

Terms and conditions for credit accounts

Payment terms are net 30 days, payment being due within 30 days from the date of invoice unless alternative terms are agreed upon by AFSA in writing.

Any credit limit approved by AFSA and advised to the customer must not be exceeded.

AFSA reserves the right to pursue collection of outstanding amounts. Related costs, including but not limited to external collection agent fees, legal and court costs, may be added to the outstanding amount owed under the credit facility. Please see credit application form for full terms and conditions.

Minimum credit limit

You should only apply for a credit account if you expect your monthly activity to exceed the minimum credit limit of $5000.

Insufficient funds

If your credit account has insufficient funds available for a particular transaction, it will revert to pay as you go (PAYG) until your account or invoice payment has cleared.

You should pay your invoice immediately to restore access to your credit. You have 30 days to pay your bill each month. You receive an email alert when you have 30 per cent and 10 per cent of your credit remaining.

If you pay your account electronically with your credit card, access to your PPSR credit limit will be restored instantly.

Other payment methods

You can use the PPSR using the PAYG or Pre-Pay account facilities, noting that PAYG is not available to B2G clients.