PRIVACY ACT AUTHORISATION – AUTHORISATION BY APPLICANT/GUARANTOR/INDEMNIFIER

  1. Commonwealth privacy Act 1988 Section 18E(1), 18L (4) 18k (1)(b), 18N (1) (b)
  2. The Applicant/s and Guarantor/s acknowledge that the Privacy Act allows Finbeat or the approached Credit Provider to give a Credit reporting Agency certain personal information about the applicant or finance. The information that may be given to an agency includes;
  3. Such permitted about the Applicant/s and Guarantor/s which allows the Applicant/Guarantor to be identified;
  4. The fact that the Applicant/s and Guarantor/s have applied for finance and the amount;
  5. The fact that Finbeat Or the approached Credit Provider are a current Credit Provider to an Applicant/s and Guarantor /s;
  6. The payments, which become overdue more than 60 days, and for which collection action has commenced;
  7. Advise that payments are no longer overdue;
  8. Cheques drawn by the Applicant/s and Guarantor/s, which have been dishonoured more than once;
  9. In specified circumstances, that in the opinion of Finbeat or the approached credit provider the Applicant/s and Guarantor/s have committed a serious credit infringement;
  10. That finance provided to the Applicant/s and Guarantor/s has been paid or otherwise discharged.
  11. The Applicant/s and Guarantor/s agree that, if it is considered relevant in assessing the Applicant/s and Guarantor/s application for personal credit, Finbeat or the approached credit provider may obtain from a Credit Reporting Agency a credit report containing commercial credit information about the Application/s and Guarantor/s.
  12. The Applicant/s and Guarantor/s agrees that, if it is considered relevant in assessing the Applicant/s and Guarantor/s application for commercial credit, Finbeat or the approached credit provider may obtain from a Credit Reporting agency a credit report containing personal credit information about the Applicant/s and Guarantor/s.
  13. The Applicant/s and Guarantor/s agrees that Finbeat or the approached credit Provider may give to and seek from any Credit provider/s named in the accompanying finance application and any Credit Provider/s that may be named in a personal or commercial credit report issued by a Credit Reporting Agency or a commercial Credit Reporting Agency respectively, information about the Application/sand Guarantor/s personal or commercial credit arrangements for the purpose of assessing the Applicant/s and Guarantor/s finance application or collecting in over dues; the Applicant/s and Guarantor/s understands that this information can include any information about the Applicant/s and guarantor/s  credit worthiness , credit standing ,credit history or credit capacity that credit provider/s are allowed  to give or receive from each other under the Privacy Act.
  14. Much of the information we hold about you will be stored electronically in secure owned data centres located in Australia.