Overview
This Privacy Disclosure Statement and consent form is relevant to Entrust Finance Pty Ltd, ABN: 13 628 952 787. Credit Representative # 512608, Authorised under Australian Credit License 389328.
(‘we’, ‘us’, ‘our’). We collect information about you for the purposes you agree to in this Privacy Disclosure Statement and Consent (‘Consent’). When you sign below, you agree we can, consistently with Australia’s privacy and credit reporting laws, collect, use and exchange consumer and/or commercial credit and personal information (‘information’) about you for those purposes.
Privacy Disclosure Statement and Consent
We are collecting information about you, as applicable:
- To source for you, or a company of which you are a director:
- Consumer credit for personal, household, domestic orresidential investment purposes;
- Commercial credit for business purposes; or
- Other services stated in this Consent; or
- To support a guarantor application, you will provide.
As your broker, we require the information we collect from you to assess your credit, or guarantor, application or the credit application of a company of which you are a director, to source a suitable credit provider and any required insurances and to manage the application process, where required. If you do not provide the information sought, we may be unable to process your application, or the company’s application, or we may be limited in the other services we can offer you or the company.
Your information – Collection and Disclosure
When we collect information from you in the credit or guarantor application process, we use that information in a number of ways to assess your application and, where appropriate, to source a suitable credit provider or lessor and / or insurance provider. We may, as appropriate:
- Disclose your identification information to a consumer credit reporting service (‘Consumer CRS’) and/or a commercial creditreporting service (‘Commercial CRS’), if you wish us to obtaina report on your behalf (references to a ‘CRS’ could be to either a Consumer CRS or a Commercial CRS);
- Use any information a CRS provides in its report to assist us topreliminarily assess your credit or guarantor application;
- Disclose your information to an insurer or insurers to source anyinsurances you wish to obtain; and
- Disclose your information to our advisers, aggregators, licenseesand other financial intermediaries, a credit provider or credit providers toapply for finance on your behalf.
The information we obtain from you is used, subject to compliance with Australia’s privacy and credit reporting laws, only for the purposes listed in this Consent and is not disclosed to any other person except with your permission or as permitted, or required, by law.
Credit Providers
As part of providing our services to you, we may undertake tasks for a credit provider which are reasonably necessary to manage the application process. When doing so, we are acting as agent for the credit provider, with the same privacy law requirements applying to both of us.
We may submit your application to one or more credit providers. Those credit providers and their website addresses are set out in the Schedule 1 at the end of this document.
A credit provider, to whom we submit an application, may disclose information about you to, and collect information about you from, one or more CRS.
The website of each credit provider contains details of each CRS with which it deals and other details about information held about you, including whether that information may be held or disclosed overseas and, if so, in which countries. The websites also describe your key rights. These details may be described on the credit providers’ websites as ‘notifiable matters’, ‘privacy policy’, ‘credit reporting policy’ or ‘privacy disclosure statement and consent’, or similar.
For each Consumer CRS a credit provider uses, the website details will include the following specific information:
- That the CRS may include information the creditprovider discloses about you to other credit providersto assess your credit worthiness
- That, if you become overdue in making consumer creditpayments or you commit a serious credit infringement,the credit provider may disclose that information to the CRS
- How you can obtain the credit provider’s and/or theCRS’s policies about managing your information
- Your right to access and/or correct information heldabout you and to complain about conduct that maybreach the privacy and credit reporting laws
- Your right to request a CRS not to undertake pre-screening for purposes of direct marketing by a creditprovider
- Your right to request a CRS not to release information about you if you believe you are a victimof fraud
This detail will also be included by the credit provider who approves your application in the privacy disclosure statement and consent document it will provide to you.
Each credit provider website includes information on how to contact it and how to obtain a copy of its privacy documents in a form that suits you (e.g. hardcopy or email).
Your rights
You have the right to ask:
- Us to provide you with all the information we hold about you
- Us to correct the information we hold if it is incorrect
- Us for copies of our privacy policy and this document, in a formthat suits you (e.g. hardcopy or email)
- A Consumer CRS not to use your information for directmarketing assessment purposes, including pre-screening
- A CRS to provide you with a copy of any information itholds about you
- You can gain access to the information we hold about youby contacting our Privacy Office on 1300 846 810 or email kent@entrustfinance.com.au
In some cases, an administration fee may be charged to cover the cost of providing the information. Our Privacy Policy also deals with our complaints process and is available on our website at www.entrustfinance.com.au; or we will provide you with a copy if you ask us.
Schedule 2 at the end of this document sets out the contact details for each CRS.
Disclosure and Consent
By signing below, you agree we may:
- Use your information:
- To assess your consumer or commercial credit and/or guarantee application and/or to assess a credit application by a company ofwhich you are a director
- To source any finances you required
- To source any insurances you require
- As the law authorises or requires;
- Disclose to, and obtain from, any prospective credit provider orinsurer, information about you that is reasonably necessary to obtain the finance and insurances you require;
- Obtain from, and disclose to, any third party, information aboutyou, the applicant(s) or guarantor(s) that is reasonably necessary to assist you obtain the finance and insurancesrequired;
- Provide your information, including your credit report(s), to one ormore of the credit providers specified in Schedule 1 at the end of thisdocument so they can assess your application, or the application of acompany of which you are a director, or your suitability as aguarantor
- Provide information about you to a guarantor, or prospective guarantor;
- Provide you, or the company of which you are a director, with offers or information of other goods or services we, or any of our associated entities, may be able to provide to you or the company, unless youtell us not to;
- Disclose your information to the extent permitted bylaw to other organisations that provide us with services,such as contractors, agents, printers, mail houses,lawyers, document custodians, securitisers and computer systems consultants or providers, so they can perform those services for us. Some of which may belocated overseas.
- Disclose your information to any other organisation thatmay wish to acquire, or has acquired, an interest in our business or any rights under your contract with us, or thecontract with us of a company of which you are adirector.
- You also agree and consent to, as appropriate:
- A Consumer CRS disclosing information to one or more credit providers specified in Schedule 1 at the end of thisdocument for the purpose of assessing your application forconsumer or commercial credit or your guarantor application, and/or assessing a credit application by acompany of which you are a director
- When you are a prospective guarantor, a creditprovider using that information to assess yoursuitability as a guarantor
- A credit provider disclosing your information (including information obtained by it from a Consumer CRS) to aguarantor, or a prospective guarantor
- A credit provider disclosing to another credit provider, toyour agent, such as us as your broker, or to a servicer, for aparticular purpose, information it holds about you
Extended Effectiveness for Commercial Credit
Your agreement and consent to the disclosures and consents in this document will be effective for a period of 12 months, but only in relation to commercial credit. Your agreement to this ceases when you either withdraw it by contacting us using our details above or 12 months after you sign below, whichever first occurs.
This will allow us to continue to provide our services to you without the need to ask you to sign a new privacy statement and consent each time you require commercial credit within a 12-month period. The extended effectiveness does not apply in relation to consumer credit.
Where the applicant, or guarantor, is a company of which you are a director, you consent to the disclosure and use of your information, in addition to the company’s information, in each of the ways specified in this document.
Authorisation
By signing this document, you authorise us to make a request on your behalf to obtain information about you from one or more credit reporting service(s) and credit provider(s). That information will assist us in providing our services to you
