IMPORTANT INFORMATION

Amending clause 1.0 to insert clear descriptions of the different liability structures of a BusinessChoice Card and how each may apply to You. Setting out the impact of the date You first entered the Agreement and decisions You made when entering or after entering the Agreement. 

Amending clause 4.0 (c) to state how the total amounts outstanding is recorded on the Billing Account and that credit balances of Card Accounts will be moved to the Billing Account at the end of each Statement Cycle. 
 

Adding new clause 4.0 (d) restricting the ‘Billing Account’ to receiving payments only.

Amending clause 5.0 to confirm the credit enquiries made when requesting a Business Credit Limit increase are based on your business’ structure (e.g. Sole Trader, Partnership, etc.).

Inserting a new clause 7.1 (b) to limit the total value of Transactions available to a Cardholder.
 

Amending clause 7.1 (c) to make increases to the amount of credit available on a Card Account by payment to the Card Account only temporary, and limiting how a payment can be made to a Card Account.
 

Amending clause 7.1(d) to set out how payments to Card Account or Billing Account may be used in payment of amounts owing to us. 

Amending clause 9.0 to direct You to the BusinessChoice Welcome Letter and any other correspondence for applicable fees and charges, stating that fees and charges are subject to change and information on current fees and charges can be requested or is on our website.

Amending the order of clauses so clause 10.2 Minimum Payments will be clause 10.1, and clause 10.1 Payment obligations and application will be clause 10.2.
 

Amending the new clause 10.1 to set out repayment terms can be found in the Welcome Letter and the minimum payment will be included in each Statement of account for the Billing Account.
 

Amending the new clause 10.2 to direct payments to be made to the Billing account and the methods of payment. Payment by cheque is no longer available.
 

Inserting a new clause 10.2(d) setting out that where the total of payments to the Billing Account is less than the Closing Balance, then the amount outstanding may be aggregated across all Card Accounts in subsequent month(s), affecting the available credit for each Card Account but not altering the Cardholder Credit Limit.
 

Removing clause 10.3 ‘Method of Payment’. 

Inserting a new clause 12.0(b) (iii) stating “Payments made to the Billing Account”.
 

Amending clause 12.0 (b) (iv) change the definition Closing Balance to reduce the total sum of all amounts owing on each Card Account by the amount of any credit balance on any Card Account as at the Statement Date
 

Removing clause 12.0 (c). 
 

Renumbering clause 12.0(d) to 12.0(c).
 

Renumbering clause 12.0(e) to 12.0(d).
 

Removing references to BPAY® payments and transactions from the Billing Account in relation to 'disputed transactions' and 'chargebacks'. 

Amending the final paragraph to replace the reference to the ‘dishonour of a cheque’ with ‘dishonour of an Autopay’.

Amending the clause reference to be “16.0 Communications”.
 

Inserting new clause 16.1 Electronic communication with you. The terms of the previous clause 31.0 are inserted into the new clause 16.1. Additional terms stating that subject to clause 16.0 and 22.0 we will be flexible about how notices are provided to you.
 

Inserting new clause 16.2 Notices produced by You. The terms of this new clause require that any notice under the Agreement you must provide to us in writing can be done by posting it to us, in the Westpac App, Online Banking or by email provided conditions are met. The clause also confirms that we are not required to confirm the authenticity of any email instruction but may defer acting on the instruction pending or seeking further confirmation. The clause also provide you compensate us for loss and releases us from liability (except to the extent of our or our agent’s fraud, wilful misconduct or negligence) for action made in reliance of notice provided by You, even if not genuine.

Removing clause 23.0.

Renumbered to be clause 23.0.
 

Amending the clause to provide that in the event of a Default, which can include the Business or Principal permitting a default to occur, we may block any Card Account or the Billing Account or terminate the Agreement after providing You 30 days to rectify the default (unless the law or an industry code does not require us to give you notice).

Renumbered to be clause 24.0.
 

Amending the clause to include a provision to confirm our right to combine Your BusinessChoice Credit Card with other accounts You have with us to pay amounts owing on Your BusinessChoice Credit Card if we terminate the Agreement.

Renumbered to be clause 35.0.
 

Amending the clause to clarify the manner in which the Business and each Principal may request a variation of the Cardholder Credit Limit for any Card Account.

Amending clause 34.0 as follows:

• Renumbered to be clause 32.0.
• Removing the requirement to return all Cards on termination of the Agreement. 
• Adding a new term that a Card Account or the Billing Account may be blocked or the Agreement may be terminated without notice:
  • if we suspect fraud or need to take action to prevent losses.
  • to manage regulatory risk.
  • where we reasonable believe the use of an account has caused harm to another person.
  • any reasons determined by us acting reasonably.
  • If the Business or any Principal are in Default and that Default is not rectified in accordance with clause 23.0.

Renumbered to be clause 38.0.
 

Amending the clause to state that the Business is bound by the Agreement as soon as any Cardholder activates or first uses a Card.

Renumbered to be clause 39.0.
 

Adding a new term that a Card Account or the Billing Account may be blocked or the Agreement may be terminated without notice:

• if we suspect fraud or need to take action to prevent losses. 
• to manage regulatory risk.
• where we reasonably believe the use of an account has caused harm to another person.
• any reasons determined by us acting reasonably.
• if the Business or any Principal are in Default and that Default is not rectified in accordance with clause 23.0.

Renumbered to be clause 40.1.
 

Removing sub clause (b).
 

Renumbering the following subclauses as a result of removing subclause (b).

• renumbered to be clause 41.0 with subclauses all renumbered as well.
• inserting a new sub clause 41.1(g) stating that each Card remains our property and we may request the Card be returned or destroyed if the Card is cancelled.
• removing the new clauses 41.3 and 41.5. 
• renumbering the new clause 41.4 to be the new clause 41.3.

Amending clause 44.0 Using the Card as follows:

• renumber the clause to be clause 42.0 with subclauses all renumbered as well.
• removing the new clauses 42.3 (b) & (c).
• amending the new clause 42.5(b) to remove the prescriptive identification requirements for cash advances obtained at branches.
• amending the new clause 42.6 to insert ‘on our website’ in place of the web address.
• amending the new clause 42.7(c) clarify transaction from Cheque Accounts or Savings Accounts are only permitted where the Card enables a Cardholder to make those transactions. The option to link a Savings Account or Cheque Account to a Card is not available after 28 February 2025.
• amending the new clause 42.7(d) to insert new text that provides where a Card enables access to a Cheque Account or Savings Account that any withdrawals from those accounts will be included in calculating the maximum daily transaction limit.
• inserting new subclause 42.7(i) that we will not be responsible if an Electronic Banking Terminal does not accept the Cardholders instructions or the Card fails to work at the terminal.
• amending the new clause 42.8 last sentence to state “For deposit limits, processing and cut off times, or ATM locations visit our website or your local branch”.
• amending the new clause 42.9 final paragraph to state that where a Card is cancelled the Cardholder must contact all Merchants with regular payment arrangements from that Card to request the Card Account details be removed from those payment arrangements.

Renumbered to be clause 44.0 with subclauses all renumbered as well.
 

Removing the new clause 44.2 (b).

Renumbered to be clause 45.0 with subclauses all renumbered as well.
 

Amending new clause 45.1(b) to replace the first two sentences with “How to tell us If any Card is lost or stolen in Australia or overseas, on the Lost and Stolen phone numbers provided at the front of this booklet. A Cardholder can also immediately put a temporary lock on their card via Online Banking or the Westpac App. Alternatively you can visit any of our branches in Australia“.

Renumbered to be clause 47.0. 
 

Updating the 'Billing Account’ to add the words “and repay”.
 

Updating the ‘Business’ definition wording to: ‘Business’ means the relevant individual(s) or organisation identified as the Business on the application form for the BusinessChoice Cards and in the Agreement.
 

Updating the definition of ‘Internet Banking’ to replace the webpage address to be a general reference to our website.
 

Updating the definition of ‘Telephone Banking’ to replace the webpage address to be a general reference to our website.