In order to process your application we must receive a printed, signed copy of the Privacy and Confidentiality Statement from you.
Please print, sign and email back to firstname.lastname@example.org
PRIVACY AND CONFIDENTIALITY STATEMENT
Important Notice To Applicant(s) For Credit (Section 18(E)(1) Privacy Act 1988) Notice of disclosure of your credit information to a credit-reporting agency. (Privacy Act 1988). and the Australian Privacy Principles (“APP”) found in the Privacy Amendment (Enhancing Privacy Protection) Act 2012 (Cth) in relation to the handling of your personal information. It also describes how we will comply with the credit reporting obligations contained in the Act and the Credit Reporting Code as registered under section 26S(1) of the Act.
- Collection and use of your personal information in your application apply only to VIP Cashflow’s collection and use of information about individuals (personal information). VIP Cashflow may collect your personal information if you are: • an individual applicant for this product (e.g. a sole trader); • a guarantor or intending guarantor; • a representative of an applicant for this product (e.g. a company director or officer) VIP Cashflow is collecting your personal information to enable it to assess this application and for the purposes described in the product terms and conditions. Without this information VIP Cashflow may not be able to consider or approve this application. Where you are a prospective guarantor, VIP Cashflow is also collecting your personal information to enable it to assess you as a guarantor for an application for credit. 2. Credit Reporting If you are an individual applicant or a director of an applicant, you agree that VIP Cashflow may collect information about your credit history and credit worthiness, including credit liabilities, repayments and defaults, from a credit reporting body (or a body that provides information on commercial activity and commercial credit worthiness) to assess this application and for the purposes of debt collection. VIP Cashflow may also disclose information about you to credit reporting bodies. If you are an intending guarantor, you also agree that VIP Cashflow may access information about your credit history and credit worthiness from a credit reporting body to assist us in assessing whether to accept you as a guarantor. Information about credit reporting, including the name and contact details of these credit reporting bodies, when VIP Cashflow may disclose your personal information to them to include in a report about your credit worthiness, and how you can request credit reporting bodies not use your information in certain circumstances, is available at www.vipcashflow.com.au . For a hard copy of this information, please call 1300736676. 3. Disclosure of your information This section applies to individuals and to applicants that are non-individuals (e.g companies). You agree that VIP Cashflow may disclose your information (which may include information about your credit history and credit worthiness obtained from a credit reporting body) to: • any agent, contractor or service provider VIP Cashflow engages to carry out or assist its functions and activities;
We may disclose personal information to credit reporting bodies, in order to comply with our obligations under the Anti-Money Laundering and Counter Terrorism Financing Act 2006 (Cth) (AML/CTF obligations). To comply with our AML/CTF obligations, we may disclose your:
- date of birth; and
- residential address
to credit reporting bodies, in order to verify whether the personal information matches the identification information held by the credit reporting body. The credit reporting body may provide an assessment of whether the personal information about you matches (in whole or in part) the personal information held by the credit reporting body about you. We may, upon request, provide you with an alternative method of verification, however, any alternative verification method must also comply with the AML/CTF legislation. The alternative method of verification may include verification of physical documents in accordance with the AML/CTF legislation.
SIGNATURE AND DECLARATION
To be signed by all individual applicants, on behalf of all business applicants, by all directors/sole trader/partners of business applicants and by existing guarantors. My signature below evidences my understanding and consent to all matters set out in this application including the Privacy and Confidentiality Statement above. By signing below, I confirm that all information provided by me in and/or accompanying this application is true and is given in support of this application. Where the applicant is a company partnership or business, I declare I am a director/sole trader/partner of the business applicant and make this declaration on behalf of the applicant. I confirm that the business is solvent and can afford to repay the increased facilities sought. Where a statement of position is completed by me as director/sole trader/partner of the business applicant or guarantor of the applicant, I also make this declaration in my personal capacity and declare that the details contained in my Personal Statement of Financial Position are true and correct. Where signed by two or more people, this declaration and consent is to be read as given by each individually. I acknowledge that VIP Cashflow reserves the right to ask for additional information to consider my loan and that VIP Cashflow may not be able to assess my application unless I provide any additional information requested by VIP Cashflow.
Please read carefully before signing. Where there is more than one applicant, each applicant must sign. 1. Giving information to a Credit Reporting Agency (Section 18E(8)(c) Privacy Act 1988) VIP Cashflow has informed me that it may give certain personal information about me to a credit-reporting agency. 2. Access to Commercial Credit Information (Section 18L(4) Privacy Act 1988) I/we agree that VIP Cashflow may obtain information about me/us from a business, which provides information about the commercial credit worthiness of persons for the purpose of assessing my/our application for commercial credit. 3. Access to Consumer Credit Information (Section 18K(1)(b), Privacy Act 1988) I/we agree that VIP Cashflow may obtain a consumer credit report containing information about me from a credit-reporting agency for the purpose of assessing my/our application for commercial credit.
VIP Cashflow Pty Ltd ABN 62 104 545 539.
DECLARATION OF PURPOSE
By applying for VIP Cashflow services, I/We declare that the credit to be provided to me/us by VIP Cashflow pursuant to this Credit Application is to be applied wholly or predominantly for business purposes; or investment purposes other than investment in residential property (or for both purposes).
In order to process your application we must receive a printed, signed copy of this Privacy and Confidentiality Statement from you.