ASB VAULT SAFE DEPOSIT BOXES
TERMS AND CONDITIONS: RENTAL
Agreement means this agreement and includes the
Rules of Conduct and this Application Form.
Application Form means the application form that
forms part of this Agreement.
Box means the Safe Deposit Box(es) specified in
this Application Form.
Box Holder means the person/s or company in
whose name the Box is rented or purchased.
CSDL means Customhouse Safe Deposits Limited,
the owner and manager of the Vault together with
any person authorised by CSDL.
Rental Fee means the fee for hiring each Box plus
GST, as set out in this Agreement.
Rules of Conduct means the rules and regulations
which CSDL issues and may be amended from time
Period of Rental means the period of your rental of
a Box, initially as specified in the Application Form
and subsequently in accordance with clause 2.1.
Vault means the Safe Deposit Box facility known as
‘ASB Vault’ located in the Customhouse Building,
corner Custom and Albert Streets, Auckland.
You and your means the users of the Vault (Users)
and includes, any person who has purchased from
CSDL a removable metal box sleeve and who has
been granted a licence for the use of the matching
Box and any person who has hired or rented the use
of a Box through the Management and, and person
nominated by a Box Holder to be an authorised user
of a Box (Nominated Person).
Period of Rental
Unless terminated earlier in accordance with these
terms, this Agreement will continue unless you give
CSDL written notice of termination at least 14 days
prior to the end of the Period of Rental.
CSDL can accept your application by counter-
signing the Application Form.
Where the Period of Rental is less than 12 months,
you must pay the Rental Fee on signing this
Agreement. Where the Period of Rental is greater
than 12 months, you must pay CSDL the Rental fee
annually in advance.
You must also pay to CSDL a deposit plus GST (as
set from time to