Wool Cash Advances


Unlocking the equity in your clip - now.

Having worked with Australian wool producers for 185 years, we understand that the equity in your clip can be held for long periods of time. Unfortunately the bills keep coming and input costs don’t cease. 

To provide you with the financial flexibility you need to manage your on-and off-farm expenses, Elders brings you a choice of cash advances against the equity in your clip.

Wool Plus

Our WoolPlus facility gives approved applicants a cash advance of up to $500 per bale, or 50 per cent of your expected wool sale proceeds. There are no fees and you can apply up to six months before your estimated shearing date.

At the time of application you must nominate an Elders wool warehouse centre. Once shearing is complete you then consign your clip to the nominated wool centre. 

Interest is charged at a rate of 12 per cent, per annum, from the date the advance was paid, until the advance plus all accrued interest is repaid to us. 

Repayment of principal and interest automatically occurs from your wool sale proceeds.

Apply now

Application is easy. Simply download the application form and return it to your local branch with supporting documentation.

Once approved, the funds are deposited in your nominated bank account. Refer to full terms and conditions below.

The Applicant applies to receive an advance of funds using the wool describe in the Application Form as security (a WoolPlus Facility) from Elders Rural Services Australia Limited (Elders). Elders is prepared to assess that application, and if approved, to provide the Applicant with the Advance Amount requested on the Application Form on the terms and conditions set out below (Terms).

1. The Applicant must immediately on completion of shearing the wool subject to the WoolPlus Facility (the Wool Clip) consign to Elders at the wool centre indicated on the Application Form.

2. The Applicant must immediately notify Elders when shearing of the Wool Clip occurs.

3. The Applicant acknowledges and agrees that Elders may deduct the sum of the Advance Amount and all interest accrued thereon from the first available proceeds of the sale(s) of the Wool Clip.

4. Interest will be charged at a rate of 12% per annum from the date the Advance Amount is paid to the Applicant until the Advance Amount and all accrued interest is repaid to Elders.

5. Elders may set off against any monies that Elders owes to the Applicant any monies that the Applicant owes to Elders.

6. These Terms form a security agreement for the purposes of the Personal Property Securities Act 2009 (Cth) (PPSA). The Applicant must do such things as Elders may require from time to time to ensure that any security interest of Elders is perfected under the PPSA for whatever period that Elders, in its sole discretion, determines. The Applicant must reimburse and indemnify Elders for all expenses incurred by Elders in registering its security interest on the PPSA register.

7. The Applicant must keep Elders fully informed of all relevant information regarding the Applicant, including providing not less than 14 days’ notice in writing of any proposed change in name or contact details. The Applicant must immediately notify Elders of any material changes in the Applicant’s business activities.

8. Nothing in sections 125, 132(3)(d), 132(4), 135, 142 and 143 of the PPSA and Part 4.3 (other than Division 6 of Part 4.3) of the PPSA shall apply to this agreement, or the security under this agreement. To the extent permitted by the PPSA, the Applicant waives its rights in respect of this agreement, or the security under this agreement, to receive any notice or statement under the following sections of the PPSA: 95 (notice of removal of an accession); 118 notice of decision to enforce security interest under land law); 121(4) (enforcement of liquid assets – notice to grantor); 123 (notice of seizure of collateral); 130 (notice of disposal of collateral); 132(3)(d) (statement of account following a disposal showing the amounts paid to other secured parties); 132(4) (statement of account if there is no disposal); 135 (notice of retention of collateral); 157 (notice in relation to registration events); all sections in Part 4.3 (other than those in Division 6 of Part 4.3).

9. Elders and the Applicant must not disclose information of the kind referred to in section 275(1) of the PPSA (except where required under section 275(7) of the PPSA) and must not authorize the disclosure of such information at any time. Elders may use any personal information of the Applicant to register and enforce any security interest of Elders under the PPSA.

10. In these Terms, an “event of default” occurs when: (a) the Applicant fails to consign wool as required by these Terms; (b) the Applicant breaches any other provision of these Terms; (c) the Applicant becomes bankrupt, insolvent (within the meaning of the Corporations Act 2001 (Cth)) or under administration, or if any step is taken to instigate any such event; or (d) distress, attachment or other execution is levied or enforced over any of the Applicant’s property.

11. If an event of default occurs: (a) all monies due (actually or contingently) by the Applicant become immediately due and payable; (b) interest (at Elders’ prevailing rate at that time) will be charged (calculated on a daily basis and debited monthly in arrears to the account) on the overdue amount from and including the date of the relevant transaction to but excluding the date of payment; (c) the Applicant must on demand pay to Elders all costs and expenses incurred by it as a result of the event of default, including all legal costs on a full indemnity basis and fees or commissions payable by Elders to any collections agency; and (d) the Applicant must on demand grant to Elders any mortgage or other security over any of the Applicant’s property real or personal which Elders requires and such security shall be in a form acceptable to Elders.

12. Elders does not exclude or limit the application of any provision of any applicable legislation or other regulation (including the Competition and Consumer Act 2010 (Cth)) where to do so would contravene that legislation or regulation or cause any part of these Terms to be void. Nothing in these Terms is to be interpreted as doing so.

13. A certificate signed by an employee of Elders stating an amount owing to Elders at a particular date, or as to any other matter or thing, is conclusive evidence against the Applicant unless proved incorrect.

14. These terms are governed by the laws of South Australia, and any court within the Commonwealth of Australia in which Elders commences proceedings has non-exclusive jurisdiction to entertain any claims Elders or the Applicant may have against each other in connection with the provision of goods or services in accordance with these Terms.

15. If the Applicant is trustee of any trust, the Applicant is liable to Elders in the Applicant’s capacity as trustee of that trust (and personally) and the Applicant warrants that it is entitled to be indemnified out of the assets of that trust in connection with any liability it has to Elders.

16. If any provision of these Terms is found to be invalid or unenforceable (whether in respect of a party or generally), it will be severed from these Terms and the Terms will otherwise continue in force.

17. A party’s failure or delay to exercise a power or right is not a waiver of that right, and the exercise of a power or right does not preclude the future exercise of that or any other power or right. A waiver of a power or right must be in writing and signed by the party giving the waiver.

18. Information collected in connection with this application will be handled in accordance with Elders Limited’s Privacy Policy (Privacy Policy). The Privacy Policy explains how Elders, its wholly-owned subsidiaries and certain other entities will comply with the Australian Privacy Principles set out in Schedule 1 of the Privacy Act 1988 (Cth) and the purposes for which Elders may use the Applicant’s personal information.

Shear Cents

Specifically designed to help with the costs of additional farm supplies associated with shearing time, Shear Cents gives approved applicants 90 days interest free on all farm supplies purchased during this period. 

Use Shear Cents for purchases including:

  • Drenches, dips and backliner products
  • Fly control and remedy products
  • Nutritional products – vitamin injections and lick blocks
  • Requisites – wool packs, bale clips, stencils and inks, brooms
  • Shearing equipment – combs, cutters, repair kits etc.

Speak to your local branch manager about the Shear Cents facility.

Shearing Advance

Shearing time can be expensive. Shearing Advance is designed to assist with immediate shearing related expenses.
Once approved, a cash advance to a maximum of $500 per anticipted bale will be paid into your nominated bank account, provided you consign your wool to Elders. 

There are no upfront fees and repayment of principal and interest automatically occurs from your wool sale proceeds.

Interest is charged from the date after any interest free period ends, until the advance plus all accrued interest is repaid. Interest is calculated on the amount of the advance (calculated daily and compounded monthly). 

Rates vary by state are as follows:

Queensland, Northern Territory and Western Australia

  • 0 - 50 days interest free
  • 51+ days interest rate 11.45 per cent, per annum.

All other states

  • 0 - 60 days interest rate 8.45 per cent, per annum.
  •  61+ days interest rate 11.45 per cent, per annum.

Speak to your local branch manager about the Shearing Advance facility. 

For all seasons

We offer an extensive range of farm supplies all year round.

From animal health products by leading suppliers, all suitable for Australian conditions, to fencing and water management supplies, even PPE and products for your four-legged farm workers, your local Elders branch offers it at competitive prices.


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