20. Crowe Australasia Limited
20.1 References in these terms to Crowe Australasia Limited are to be understood to mean the local representative in New Zealand of Grant Thornton International or any organisation appointed to succeed Crowe Australasia Limited in that role.
20.2 Crowe Australasia Limited is an independent entity which has been contracted by the Company to act solely as the Proprietor’s representative in order to protect the privacy of the Proprietor and to ensure that the Company does not, at any time during the term of this Agreement, have access to the Proprietor’s bullion.
20.3 Crowe Australasia Limited will perform the following activities upon appropriate written authorisation from the Proprietor, the cost of which is included in the storage fee:
(a) The inspection of the bullion on delivery to the bullion depository;
(b) The deposit of bullion and the issuing of a receipt for deposit;
(c) Creating an inventory, photographing or otherwise cataloguing the bullion held and providing this to the Proprietor and to the Company;
(d) Holding secure custody of the code for the safe in which the Proprietor’s bullion is held; and
(e) The removal of bullion from the bullion depository and the issuing of a receipt for removal.
20.4 Crowe Australasia Limited will perform the following activities upon appropriate written authorisation from the Proprietor as Chargeable Services:
(a) Being present when the Proprietor accesses the bullion and assisting with issuing a receipt for any bullion removed;
(b) Performing an audit of the Proprietor’s bullion; and
(c) Any other reasonable activity requested by the Proprietor and approved in writing by the Company.
20.5 Crowe Australasia Limited shall invoice the Company for its Chargeable Services. The Company may recover the cost of the Chargeable Services from the Proprietor.