ACKNOWLEDGEMENT AND AUTHORITY TO GIVE AND RECEIVE PERSONAL INFORMATION
(PRIVACY ACT 1988)
We may collect, use, hold and disclose personal and credit information about you for the purposes of arranging or providing credit to you, managing that credit, direct marketing of products and services by us and managing our relationship with you. We may disclose your personal and credit information to overseas entities that provide support functions to us including entities in New Zealand.
Credit information includes the type and amount of credit provided to you, repayment history information, default information (including overdue payments) and court information. Personal information includes any information from which your identity is apparent.
Consumer and commercial credit information: We may exchange your commercial and consumer credit information with entities listed below to assess an application for consumer or commercial credit and manage that credit. In particular, we can obtain credit information about you from a CRB providing both consumer and commercial credit information.
Exchange information with credit providers: We may exchange your personal and credit information with other credit providers for the purposes of assessing your creditworthiness, credit standing, and credit history or credit capacity.
Exchange information with guarantors: We and the lenders mortgage insurers listed below may exchange your personal and credit information with any person who proposes to guarantee or has guaranteed repayment of any credit provided to you.
Finance brokers, mortgage managers, and persons who assist us to provide our products to you
Financial consultants, accountants, lawyers and advisers
Any industry body, tribunal, court or otherwise in connection with any complaint regarding the approval or management of your loan – for example if a complaint is lodged about us or the lender
Businesses assisting us with funding for loans
Any person where we are required by law to do so
Any of our associates, related entities or contractors
Your referees, such as your employer, to verify information you have provided
Any person considering acquiring an interest in our business or assets
Any organisation providing online verification of your identity
Customer identification: We may disclose personal information about you to an organisation providing verification of your identity, including on-line verification of your identity.
Lenders Mortgage Insurers (LMIs): We may exchange personal and credit information with the LMIs listed below. The LMIs may exchange your personal and credit information with third parties including the CRBs listed below, and the other entities with which we can exchange information.
The LMIs hold, use and disclose your personal information and credit information for the purposes of assessing whether to provide insurance to us, including to assess the risk of you defaulting or the risk of a guarantor being unable to meet their liability, managing the insurance, fraud prevention, and verifying personal information provided by us or any purpose under the insurance contract. If you don’t provide personal information to the credit provider, it will not be possible for the LMIs to process the credit provider’s request for LMI.
The LMIs that we may disclose your personal information and credit information to are:
Genworth Financial Mortgage Insurance Pty Ltd who can be contacted and a copy of the privacy and credit reporting policy obtained on 1300 655 422 or genworth.com.au; and
QBE Lenders Mortgage Insurance Limited who can be contacted and a copy of their privacy and credit reporting policy obtained on 1300 367 764 or qbelmi.com
The privacy and credit reporting policies of the LMIs contain information about how you may access the personal information and credit information the LMI holds about you, seek correction of that information, and how you may complain about a breach of your privacy. The LMIs may disclose your personal and credit information to overseas entities including related entities located overseas including in USA, Canada, the United Kingdom and the Philippines.
We may exchange your personal and credit information with the following credit reporting bodies:
Veda Advantage Ltd: veda.com.au
Dun & Bradstreet (Australia) Pty Ltd: dnb.com.au