Credit Guide

Overview

GEA Capital Pty Ltd, ABN [76533017761], of 101 Matthews Ave, Airport West VIC 3042, Australia (‘we’, ‘us’, ‘our’) collects 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:

·       To source for you, or a company of which you are a  director:

·       Consumer credit for personal, household, domestic or residential investment purposes;

·       Commercial credit for business purposes; or

·       Other services stated in this Privacy Disclosure Statement and Consent (Consent); or

·       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 and exchange your personal and identification information to a consumer credit reporting bureau (‘Consumer CRB’) and/or a commercial credit reporting bureau (‘Commercial CRB’), if you wish us to obtain a report on your behalf;

·       Use any information a CRB provides in its report to assist us to preliminarily assess your credit or guarantor application;

·       Disclose your information to an insurer or insurers to source any insurances you wish to obtain; and

·     Disclose your information to our advisers, aggregators, licensees and other financial intermediaries, 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.

Credit Providers

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 CRB or Commercial CRB.

The website of each credit provider contains details of each Consumer CRB and Commercial CRB with which it deals and other details about information held about you, including whether that information may be held or disclosed overseas and, if so, in which countries. The websites also describe your key rights. These details may be described on the credit providers’ websites as ‘notifiable matters’, ‘privacy policy’, ‘credit reporting policy’ or ‘privacy disclosure statement and consent’, or similar. Further information or clarification can be obtained from the credit providers direct via the contact details on their website.

For each Consumer CRB a credit provider uses the website details will include the following specific information:

·       That the CRB 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 CRB not to undertake pre-screening for purposes of direct marketing by a credit provider

·       Your right to request a CRB 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.