Privacy Consent Form
This Privacy Consent Form must accompany any application for credit. AltX Ventures Holdings Pty Limited (ACN 619 131 449) and the related bodies corporate of these entities (we / us / our) will not process any application where this form is not signed or otherwise accepted by you. If you do not consent to us collecting, using, holding and disclosing your information in accordance with this document, or do not provide us with your information, we may not be able to process your application or provide our products or services to you.
We will need to collect, use, hold and disclose your personal and credit information to process your application, provide and manage our products or services, to engage in direct marketing, to assist with any future provision of credit and other services, and assist us to manage our relationship with you. We may also be required by law to disclose information to prevent fraud, crime or any other activity that may be in relation to the use of our products or services.
Personal information includes any information from which your identity is apparent, this may include information or an opinion that relates to you. The personal information we hold that relates to you may also include credit-related information, and sensitive information (including health information) which may include any information you tell us about any vulnerability you may have.
Credit-related information means both:
Credit information, which is information which includes your identity details such as name, date of birth, names you may also be known as, address history, driver’s licence number and employment history; the type, terms and maximum amount of credit provided to you, including when that credit was provided and when it was repaid; repayment history information, financial hardship information (including information that any repayments are affected by a financial hardship arrangement), default information (including overdue payments); payment information; new arrangement information; details of any serious credit infringements; court proceedings information; personal insolvency information and publicly available information; and
Credit eligibility information, which is credit reporting information supplied to us by a credit reporting body (CRB), and any information that we derive from it. This includes your credit score and credit information disclosed to us by a CRB.
We may exchange personal and credit-related information with your broker, or your broker's representative, for the purpose of verifying, processing your credit application, and any ongoing management of your credit contract. We are not responsible for any advice, recommendation or presentation made by your broker in relation to your credit application.
We may also disclose your personal and/or credit-related information to the following types of entities: to other guarantors or borrowers (if more than one); to prospective funders, assignees or other intermediaries in relation to your finance requirements; to other organisations that are involved in managing or administering your finance, such as third party suppliers, printing and postal services, call centres, lenders, mortgage insurers, trade insurers and CRBs; to associated businesses that may want to market products to you; to companies that provide information and infrastructure systems to us; to our agents, contractors or external service providers to outsource certain functions; to any person who represents you, such as finance brokers, lawyers, mortgage brokers, guardians, persons holding power of attorney and accountants; to anyone where you have provided us consent; to borrowers or prospective borrowers, including in relation to any credit you guarantee or propose to guarantee; to our auditors, insurers, re-insurers and health care providers; to claims related providers, such as assessors and investigators who help us with claims; to government and law enforcement agencies or regulators where we are required to do so by law, such as under the Anti-Money Laundering and Counter Terrorism Financing Act 2006 (Cth); to investors, agents or advisers, trustees, rating agencies or any entity that has an interest in your finance or our business; to other financial institutions, for example to process a claim for mistaken payment; service providers for the purposes of verifying your identity; to organisations that provide products or services used or marketed by us; or to your employer, former employer, referees.
Overseas disclosure: Some of the entities we disclose your information to may be located outside of Australia, including in the Phillippines, Canada, India, Ireland, the United Kingdom and United States of America. Where possible, we will take such steps as are reasonable in the circumstances to ensure that the overseas recipient does not breach the Australian Privacy Principles (other than Australian Privacy Principle 1) in relation to the information (Reasonable Steps). However, this may not be possible in certain circumstances, as the overseas entities to whom we disclose your information to may not be subject to privacy laws or principles similar to those that apply in Australia, and any information disclosed to an overseas entity may not have the same protection as under the Australian privacy law. You should understand that, by consenting to us disclosing your information to overseas entities, we will not be accountable, and you may not be able to seek redress, if those entities do not handle your information in accordance with Australian privacy laws. We also may not take Reasonable Steps, where we reasonably believe that the recipient of the information is subject to a law, or binding scheme, that has the effect of protecting the information in a way that, overall, is at least substantially similar to the way in which the Australian Privacy Principles protect the information and there are mechanisms that you can access to take action to enforce that protection of the law or binding scheme.
Customer identification: We are required to collect your personal information to comply with our obligations under Australian law, including our obligation to verify your identity under the Anti-Money Laundering/ Counter-Terrorism Financing Act 2006 (Cth). We may verify your identity by using information held by a CRB. To do this we may disclose personal information such as your name, date of birth, and address to the CRB to obtain an assessment of whether that personal information matches information held by the CRB. The CRB may give us a report on that assessment and to do so may use personal information about you and other individuals in their files. Alternative means of verifying your identity are available on request. If we are unable to verify your identity using information held by a CRB we will provide you with a notice to that effect and give you the opportunity to contact the CRB to update your information held by them. Your information may also be used for screening against sanctions and Politically Exposed Persons (PEP) lists, and may be disclosed to regulators (e.g., AUSTRAC) where required by law.
Further, we may verify your identity using the Document Verification Service (DVS) through Equifax, which checks the details you provide against official records held by government agencies. If you are applying for our products and services on behalf of an entity, you confirm you are authorised to provide details of directors, officers, and beneficial owners for verification purposes. You can find out more about our use of the DVS in our Privacy & Credit Reporting Policy accessible at https://assetline.com.au/privacy-and-credit-reporting-policy or by contacting us on 1300 370 821.
Credit-related information: We may exchange your information with a CRB, like Equifax or Experian, for the purposes of assessing your application for finance, in relation to either consumer credit or commercial credit. Our Privacy & Credit Reporting Policy contains information about our credit reporting practices, including the CRBs we deal with and how you may access their privacy policies, how you may access or seek correction of your information, and how to make a privacy-related complaint. It also contains a statement of ‘notifiable matters’ which include things such as the information we use to assess your creditworthiness, information about information requests (known as ‘credit enquiries’), what happens if you fail to meet your credit obligations or commit a serious credit infringement, your right to request that CRBs not use your credit information for the purposes of pre-screening credit offers, and your right to request a CRB not to use or disclose credit information about you if you believe you are a victim of fraud.
Loan Offer Contracts: If you apply for a loan with the assistance of a broker, a copy of your loan offer documents may be delivered electronically to your broker, or your broker's representative following an offer of credit. If you apply for a loan direct, a copy of your loan offer documents may be delivered electronically to you.