EF Financial Group Pty Ltd ACN 647 510 790 CRN 530270 Authorised under Australian Credit License Number: 389328.
We collect information about you for the purposes you agree to in this Privacy Disclosure Statement and 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:
o To source for you, or a company of which you are a director:
Commercial credit for business purposes; or
Other services stated in this Privacy Disclosure Statement and Consent (Consent); or
o 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, 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 credit reporting service (‘Commercial CRS’), if
you wish us to obtain a report on your behalf;
Use any information a credit reporting service provides in its report to assist us to preliminarily assess your credit or
Disclose your information to an insurer or insurers to
source any insurances you wish to obtain; and
Disclose your information to a credit provider or credit providers to apply 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.
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 Consumer CRS or Commercial CRS.
For each Consumer CRS a credit provider uses the website details will include the following specific information:
That the CRS may include information the credit provider discloses about you to other credit providers to assess your credit worthiness
That, if you become overdue in making consumer credit payments or you commit a serious credit infringement, the credit provider may disclose that information to the Service
How you can obtain the credit provider’s and/or the
Service’s policies about managing your information
Your right to access and/or correct information held about you and to complain about conduct that may breach the privacy and credit reporting laws
Your right to request a CRS not to undertake pre-screening for purposes of direct marketing by a credit provider
Your right to request a CRS not to release information about you if you believe you are a victim of 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).
You have the right to ask:
Us to provide you with all the information we hold about
Us to correct the information we hold if it is incorrect
form that suits you (e.g. hardcopy or email)
A Consumer CRS not to use your information for direct
marketing assessment purposes, including pre-screening A credit reporting service to provide you with a copy of any
information it holds about you
Disclosure and Consent
By signing below, you agree we may:
Use your information:
o To assess your consumer or commercial credit and/or guarantee application and/or to assess a credit application by a company of which you are a
o To source any finances you required o To source any insurances you require o As the law authorises or requires;
Disclose to, and obtain from, any prospective credit provider or insurer, information about you that is reasonably necessary to obtain the finance and insurances you require;
Obtain from, and disclose to, any third party, information about you, the applicant(s) or guarantor(s) that is reasonably necessary to assist you obtain the finance and insurances required;
Provide your information, including your credit report(s), to one or more of the credit providers specified in Schedule 1 at the end of this document so they can assess your application, or the application of a company of which you are a director, or your suitability as a guarantor
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 you tell us not to;
Disclose your information to the extent permitted by law 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; and
Disclose your information to any other organisation that may wish to acquire, or has acquired, an interest in our business or any rights under your contract with us, or the contract with us of a company of which you are a director.
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 this document for the purpose of assessing your application for consumer or commercial credit or your guarantor application, and/or assessing a credit application by a company of which you are a director
When you are a prospective guarantor, a credit provider using that information to assess your suitability as a guarantor
A credit provider disclosing your information (including information obtained by it from a Consumer CRS) to a guarantor, or a prospective guarantor
A credit provider disclosing to another credit provider, to your agent, such as us as your broker, or to a servicer, for a particular 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.
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.
Amounts and Benefits We Receive
As a broker, we may receive commission payments and other benefits from a third party for arranging and facilitating finance and insurance for you.
A financier may make payments to us for business introduced to the financier and/or the volume of transactions we introduce to the financier, and/or the extent to which finance agreements we introduce remain up to date in payments.
We may also receive payments from other brokers because we have arrangements with them for the introduction of clients to a financier.
Not all benefits we receive are monetary and may include training, tickets, holidays or similar benefits.
We will charge you a service fee for arranging and facilitating finance for you. The fee will only apply upon successful settlement of your finance. The fee level will depend upon the complexity and time involved in arranging and facilitating finance for you. We will advise you of the service fee amount (including GST). The service fee is non-refundable and is payable by direct debit.
Amounts and Benefits We Pay
In addition, we may pay amounts to third parties who refer you to us. These third parties may include other businesses with whom you are, or have been, dealing with, such as other broker or sellers of goods or services. For consumer finance, we will tell you about them in the transaction disclosure documents the law requires us to give you.
For specific finance transactions we arrange for you, we will tell you details of the amounts we receive or pay or are likely to receive or pay, or if not known at the time, how those amounts are calculated and/or a reasonable estimate of the amounts, as well who pays and receives the amounts.
I hereby appoint EF Financial Group Pty Ltd to act as my finance broker. This mandate confirms that EF Financial Group has been appointed to collect, collate, and prepare relevant documentation and forward to potential lenders and/or financial intermediaries for the purpose of procuring suitable finance.
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