To qualify for these Terms of Trade and for residual rebate a customer must:
a) Be a member of Pharmacy Wholesalers (Central) Ltd and be trading in excess of NZ$10,000 per month of rebateable purchases with the company.
b) Make settlement of their account in full by the 20th of the month following for Monthly Terms or by the 5th and the 20th of the following month for Fortnightly Terms.
Direct Debit is the preferred method of payment and Members have up to 3.00 PM on payment day to contact Head Office to stop or change the amount.
Other payment methods including Credit Card are available. Air points are currently available on BNZ GlobalPlus Credit Card and is a popular method. A service charge is deducted on payments made by this method. Application forms are available on request.
Interest. Interest of 15% pa will be charged on all overdue accounts. Normal Credit will be suspended when payment has not been made by the last day of the following month where there has been no arrangement made with management.
c) Prompt Payment Discount will be credited to your PWL Statement on the last day of the month that the account is due for payment provided that the account is paid in full on due date.
d) Non-Payment of the account on due date will result in forfeiture of Prompt Payment Discount and Rebate for that period.
e) A wholesale Margin of 10% is applied to the manufacturing cost of ethicals.
Prompt Payment Discount
| $0 - $35,000 |
2.50% |
3.00% |
3.20% |
| Then between $35,001 - $65,000 |
3.25% |
3.75% |
3.95% |
| Then between $65,001 - $95,000 |
4.00% |
4.50% |
4.70% |
| Then between $95,001 - $140,000 |
5.00% |
5.50% |
5.70% |
| Then between $140,001 - $200,000 |
6.00% |
6.50% |
6.70% |
| Then between $200,001 - Upwards |
Flat rate of 4.5% |
Flat rate of 5.0% |
Flat rate of 5.2% |
Once a member reaches $200,000 of rebateable purchases in a month a flat rate of 5.20% will be applied to that month's rebatible purchases for a weekly account, 5.00% for a fornightly account and 4.50% for a monthly account.
The Prompt Payment Discount schedule has been calculated using marginal rates of discount calculated over incremental ranges of purchasing amounts resulting in what we believe is a fairer distribution to members. It also provides an incentive for Members to put all of their purchases with their co-operative wholesaler as the last item purchased commands the highest discount (Add your top PPD % to off-invoice % and rebate % when calculating total discount received).
Ethical Efficiency Off-Invoice Discounts
| "EFFICIENCY PACK" DISCOUNT - TOP 200 ETHICAL LINES |
1.75% |
| "SUPER SIX" DISCOUNT - 6 OR MORE OF AN ETHICAL LINE |
1.0% |
| "TRIPLE PACK" DISCOUNT - 3,4 OR 5 OF AN ETHICAL LINE |
0.5% |
| "HIGH VALUE" ETHICALS - ETHICALS>$150.00 PER ITEM |
*5.9% |
| "LIFESTYLES" ETHICALS - AS PER LIST PROVIDED |
*4.54% |
* No further discounts or rebates will be applied to the High Value and Lifestyle products. However, Lifestyles Ethical Discounts are optional so contact your local PWL Central branch if you want to revert to the standard off-invoice discounts and rebates for Lifestyle products.
Low Value and Section 29 Ethicals
Ethical items with a Manufacturing Cost of $4.55 or less along with all Section 29 products will continue to be charged at Manufacturing Cost plus 10.0%, but will be classified as non-rebateable. They will qualify for Efficiency discounts but not for Prompt Payment Discount or Rebates.
"Special Foods"
From 1 April 2011, ready to use liquid special foods as listed in the schedule will be charged out at Manufacturing Cost plus 10%. They will qualify for Efficiency discounts but not for Prompt Payment Discount or Rebates.
Powdered Special Foods as listed in the schedule will be charged out at Manufacturing Cost plus 5%. They will qualify for a Special Outer pack discount but not for Prompt Payment Discount or Rebates.
Please note: Special Foods are a non-returnable product
OTC Off-Invoice Discounts
| "CRACKER PACK" DISCOUNT (ON 3 OR MORE OF ONE LINE) |
6.0% |
| "SIX PACK" DISCOUNT (ON 6 OR MORE OF ONE LINE) |
12.0% |
OTC purchases are not subject to any further discounts or rebates.
Charge Through Orders - Direct Charges
PWL Central accepts charge-throughs from Suppliers where goods have been supplied direct to the Member and charged back through PWL Central for collection. These are accepted for members subject to the following:
- OTC orders are charged to the member at supplier's invoice plus a 5% service fee.
- ETHICAL orders will be charged at normal Wholesale price.
Annual Rebate
A Residual Rebate is declared each year based on the company's profits for the preceding 12 months financial period ending 31 March. It is paid out to members to coincide on tax days or monthly by arrangement. It is calculated according to the Members Total Rebateable Purchases over that period.
Representative/Supplier Turnover Orders
These orders are taken by the Supplier Representives and handed over to PWL to supply. These are given prompt attention. They are subject to PWL Central's Terms of Trade and if applicable will qualify for any extra off-invoice / prompt payment discounts and Rebate.
Manufacturers and Suppliers orders form an integral part of the total orders taken from Pharmacy so we actively encourage customers to ensure these orders are put through to PWL Central..
Credits Policy
We provide a very lenient Credit Policy for our members. However, to enable the processing of credits to be carried out effectively and efficiently, we need your co-operation with the way this is handled. A copy of our Credit Policy can be obtained from your branch, Customer Services or on this website.
Property shall not pass until full payment
a) Property in any item of goods delivered by the Wholesaler to the Retailer shall not pass from the Wholesaler to the Retailer or any other person until and unless the Wholesaler has been paid the full invoice price for that item of goods, together with all taxes, duties and freight costs charged in respect of that item, (such payment hereinafter called full payment).
b) Until full payment the Retailer is to keep the goods separately from other goods or if this is not practicable, affix the wholesaler's labels to the goods as supplied by the wholesaler to the intent that the goods shall at all times be recognisable as belonging to the Wholesaler.
c) RETAILER'S RISK - Notwithstanding Paragraph a) herein, the Retailer shall assume and be responsible for all risks to the goods from the time they leave the Wholesaler's possession, including while in transit via any independent carrier.
Bailment until payment
a) Until full payment has been made for any item of goods the Wholesaler as bailor bails that item of goods to the Retailer.
b) The Retailer acknowledges that all goods are bailed to him at his request and for his benefit, such benefits including but not limited to being for display in retail premises with a view to inviting offers to purchase.
Fiduciary Agency
In the event that the retailer purports to sell any item of goods before the date notified for purchase, or before full payment, or in any other circumstances where the retailer is paid for any goods or indemnified for any loss claimed and property in those goods has not yet passed to the Retailer, then:
a) The Retailer shall be the fiduciary agent to the Wholesaler.
b) The Retailer shall hold all proceeds of any such sale in trust for the Wholesaler.
Right of Entry
Notwithstanding any clause elsewhere in these conditions and any powers implied to the Retailer (if any) the Wholesaler may enter upon any premises occupied by the Retailer and repossess any item or items of the goods for which full payment has not been made.
PPSR Registration
PWL Central will register a general security with the PPSR for any unpaid stock in trade.
Acceptance of Terms
Any orders received from the Member Pharmacy on or after 1st February 2009 shall be deemed as acceptance of these terms of trade.
The directors reserve the right to change or amend these conditions and terms of trade at any time.