Applicable to all individual finance customers who are applying for credit with MiFin Pty Ltd (hereinafter called “The Business”).
By signing or accepting this form, the applicant gives the following acknowledgements and consents:-
Acknowledgement that the business may disclose personal information about me to a credit reporting agency, MiFin debt collection agent, my employers, my nominated references, my Landlord or Landlord’s Agent, or anyone the business may nominate at any time after making an application with the business. This information may include, but is not limited to:-
(Identity particulars are as permitted by the Privacy Commission’s determination issued under Section 18E(3) of the Privacy Act 1988)
This information is collected and utilised in accordance with the Privacy Act 1988, and is used for the purpose of assessing the risk of providing credit to you, managing that credit facility to you, and in the collection of outstanding monies from you (s60 Trade practices Act),
In particular (but without limitation) subject to the Privacy Act 1988 we may:-
If you provide personal information to us about any other individuals, you will ensure that the individual is made aware that we have that information, our intended uses and disclosure of it, their rights of access to it and our contact details.
I agree to advise the business if there are any changes to personal information or credit information that is held by the business while the credit contract is in force. I agree that no claim will be made against the business where such information is found to be incomplete, outdated or inaccurate due to my negligence in so advising the business.
Every acknowledgement will remain in force until such time that the credit contract is paid in full and until such time that my liability owing to the business is discharged.
Subject to some exceptions, you have a right to access personal information which we hold about you. You can arrange such access with a duly authorised officer of the business in writing to PO Box 40, Goodna QLD 4300.
There are 4 SECTIONS included in this form.
By continuing to the next section in this "Your Privacy and the Provision of Credit Online" form you will be indicating that you have carefully read and understood each section separately. You are indicating that you have given willing, informed, direct and not implied consent to the contents of each section. We invite you to give your consent to all four sections, but we emphasise, you have the right to refuse to consent to any one or more of the various sections.
Please read each Section carefully.
By consenting to this section you consent to MiFin and other entities, as listed below, collecting, holding, using and disclosing personal identification and credit information about you. If you do not provide us with this consent we will be unable to provide you with a loan. For more detail, read the company’s Credit Information (Privacy) Management Policy available on this website which can be downloaded and printed. This policy contains detailed information concerning the company’s management and use of your information.
The Commonwealth Privacy Act 1988, as amended, the Commonwealth Privacy Regulations 2013, and the Credit Reporting Privacy Code 2014 empower and regulate MiFin in accordance with the following.
In accordance with Sections 21G, 21H, 21J and 21 M of the Privacy Act, MiFin collects and holds your personal identification and credit information only for the following purposes:
This information can include any information about your credit worthiness, credit standing, credit history, or credit capacity that you, other credit providers and credit reporting bodies and their authorised agents are allowed to provide to MiFin under the Privacy Act and/or Credit Reporting Privacy Code. It may also include information provided by referees, relatives, real estate agents and employers listed on your loan application.
By agreeing to this Section, you authorise MiFin to contact your bank, real estate agent, landlord, payroll officer and employer (past and present), plus referees and third parties listed in the credit application/assessment form, to provide any and all permitted relevant information they may have regarding you, including tenancy or employment history and bank account and other financial details.
MiFin may ask you for documents, including one or more of the following:
This information is only accessed, as required, by MiFin’s employees, representatives, professional advisers, contractors and other service providers, to facilitate the above purposes. MiFin will not sell, rent or trade your personal information.
MiFin reasonably assumes that any referral to third parties that you may nominate, in order that MiFin may obtain or verify your personal and other information, will have been with the agreement and knowledge of the third parties involved and that you will have made them aware of the purposes and use of such information, prior to MiFin contacting them.
In accordance with Section 21D of the Privacy Act, MiFin has chosen to continue with the lawful negative credit reporting (privacy) regime. By consenting to this section, you specifically agree that the company may provide information to Veda and Experian, credit reporting bodies. This disclosure will be for the following purposes only:
MiFin may verify your identity by attempting to match information you have provided with that held by a verification company and/or a credit reporting body. This task may involve the disclosure of your name, date of birth and address etc, to verify whether or not the personal identity information you have provided to MiFin matches information held by that third party.
If we are unable to verify your identity by the above means, the company will inform you, so that you might contact the verification company or credit reporting body to update your information they hold, or you may ask MiFin to attempt to verify your identity by alternate means.
The information disclosed to the credit reporting body is limited to (if applicable):
MiFin may provide limited permitted information to real estate agents, employers, referees and other third party entities that you may have listed in the application/assessment form associated with your application for a loan, for identity and/or credit information verification purposes.
The names and contact details of the other credit providers with whom we have shared information, if any, will be provided on request, as they vary from time to time and for the particular consumer.
You can also apply to access the personal information Veda holds about you. They may be contacted on telephone no. 1300 762 207, or through www.mycreditfile.com.au.
DECLARATION BY CONSUMER I/we hereby declare that I/we have read the above and note and accept the rights of MiFin concerning the collection and use of my/our personal identification and credit information.
You are informed that Section 16 of the Spam Act provides that MiFin cannot communicate with you via a “commercial electronic message” (email, fax, SMS) without your consent. As you would expect, for speed and convenience, where possible and with your permission, MiFin would prefer to communicate with you using such electronic means.
Without your permission, written communications will have to be conveyed by Australia Post.
DECLARATION BY CONSUMER I/we hereby declare that I/we have read, understood and noted the above and hereby provide my/our express and informed consent for MiFin to communicate with me/us electronically, via email, fax and/or SMS as relevant, address details for which we have willingly provided for contractual and communications purposes.
You are informed that the Electronic Transactions Act requires that, before MiFin can communicate with you electronically (email, fax, SMS), you also have to give permission under that Act for MiFin to communicate with you in that way.
We seek your permission to:
You are informed that, in giving this permission, you are agreeing to:
We remind you that you can withdraw your permission for the above at any time, provided you give MiFin 24 hours' notice, confirming your current address and contact details.
DECLARATION BY CONSUMER/S I/we hereby declare that I/we have read, understood and noted the above and hereby provide my/our express and informed consent for MiFin to communicate with me/us electronically, under the Electronic Transactions Act 1999 and associated Regulations.
You are informed that, under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act), there are provisions for the use of credit reporting information to assist in identity verification. By consenting to this section, you attest that MiFin has informed you of the following statutory provisions.
Under Section 35A(1), this can include the electronic provision of your name and/or address and/or date of birth, as you may have provided to us, to a credit reporting body. This information can and frequently has to be provided to credit reporting bodies by MiFin, for a matching process entailing comparison with personal information about you they already have on their files.
If there is no satisfactory match found and/or the level of verification which we must seek, as part of both our AML/CTF responsibilities and our mandatory credit unsuitability/suitability assessment process under the National Consumer Credit Protection Act 2009 and associated Regulations, is not achieved, we must give you the opportunity to verify your identity by alternative means.
In these circumstances, if you choose not to attempt to verify your identity by contacting the credit reporting body yourself, or by alternative means, or your contact with the credit reporting body is unsuccessful, or we determine that the alternative has failed to provide adequate identity verification, we cannot give you a loan. To do so would threaten our Australian Credit Licence.
Please note that we have to keep a record for 7 years, regarding which credit reporting body we contacted, the personal information we provided and the assessment with which we were supplied.
DECLARATION BY CONSUMER/S I/we hereby declare that I/we have read, understood and noted the above and hereby provide my/our express and informed consent to allow MiFin to undertake electronic or emailed verification of my/our identity.