Privacy Act Authorisation
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In compliance with the Commonwealth Privacy Act, customers applying for finance need to authorise the credit providers to perform a normal credit check.
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Please read and complete the following to ensure compliance:
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NOTE: This process must be followed individually for EACH APPLICANT
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Acknowledgement of and consent to disclosure of information to a Credit Reporting Agency
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I/We acknowledge that the Privacy Act allows the Credit Provider to give a credit reporting agency certain personal information about my/our application for finance, including,
but not limited to: |
- Such permitted particulars about me/us which allows me/us to be identified.
- Payments which become overdue more than 60 days and for which collection action has commenced.
- Cheques drawn by me/us which have been dishonoured more than once.
- The opinion of the Credit Provider that I/We have committed a serious credit infringement.
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Agreement for the Credit Provider to perform certain permitted actions concerning an Application for Finance
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- I/We agree that, if it is considered relevant in assessing my/our application for personal or commercial credit, or as guarantor of credit, The Credit Provider may obtain respectively a credit report containing personal credit information about me/us on my/our commercial credit worthiness from a commercial credit reporting agency.
- I/We agree that, if it is considered relevant to collecting my/our overdue commercial credit payments, The Credit Provider may receive a credit report concerning me/us from a credit reporting agency.
- I/We agree that the Credit Provider may give to and seek and receive from any credit providers names in my/our accompanying finance application and any credit providers that may be named in personal or commercial credit reports issued by a credit reporting agency or a commercial credit reporting agency respectively, concerning my/our information about my/our personal or commercial credit arrangements: I/we understand that this information can include any information about my/our credit worthiness, credit worthiness, credit standing, credit history and credit capacity that credit providers are allowed to give or receive from each other as permitted under the Privacy Act.
- I/We agree that the Credit Provider may give to and receive from the introducer/broker personal and/or commercial information about me/us in connection with this Application, the processing and acceptance and the on-going management of the facility.
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National Privacy Principles
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| I/We also acknowledge that the credit/commercial credit applied for may be provided by another credit provider. I/We acknowledge that in such cases, you may disclose my/our peronal information to such credit provider for the purposeof assessing my/our application. I/We acknowledge that such credit provider may also disclose my/our personal information to its related entities for prudential and administrative purposes. I/We acknowledge that if we fail to provide sufficient personal information, my/our application may not be able to proceed. I/We acknowledge that I/we may access my/our personal information by contacting the Credit Provider. |