1. The National Privacy Principles

From 21 December 2001, most private sector organisations in Australia must, by law, comply with the National Privacy Principles ("NPPs"). We are bound by & will comply with the NPPs from that date.

2. Collecting personal information about you

The kinds of personal information we hold

We only collect personal information that is necessary for us to perform our functions & activates which consist of the origination & administration of loans & related activities. The kinds of personal information we collect & hold will depend upon your dealings with us & the circumstances in which it was collected, but may include:

• information you provide to us when you apply for a loan or when you offer to guarantee a loan. This information will include your name, address & contact details, and, if applicable, identification information relevant to applications requiring compliance with the Financial Transactions Reports Act.

• financial information about you such as your financial position & details of your salary or wage, & information obtained from credit checks carried out during the loan approval process (but only if you have authorised such checks to be carried out).

• information about the progress of any loan provide to you, or which you have guaranteed, including your communications with us.  

3. Using and disclosing your personal information

The purpose for which we collect and hold personal information and how we use and disclose it

We respect your privacy. Any personal information which we collect about you will be used by us to assess your application for a loan or offer to provide a guarantee, and to facilitate provision and administration of loans and related activities.

In order to do this, we may disclose your personal information to:

• professional advisers such as solicitors, accountants & valuers;

• mortgage insurers;  

• underwriters;  

• government agencies such as those which administer land titles and revenue or (where applicable) foreign investments;

• credit reporting agencies and mercantile agents;

• external auditors; and

• other organisations which participate in funding, providing & administering your loan or the loan you have guaranteed, such as the trustee of the fund from which the loan is sourced.

We may also use your personal information to provide you with information about other products and services offered or distributed by us. To do that we may disclose your information to our service providers (see below)

Contracting our services and disclosures

We also disclose personal information to organisations to whom we outsource functions, such as mailing & printing houses, IT providers or a mortgage servicer which organisations assist us to service & administer your loan or the loan you have guaranteed, or provide you with information about products and services offered or distributed by us.

4. Access to your personal information

In most cases, you can gain access to personal information that we hold about you. We will handle requests for access to your personal information in accordance with the NPPs. Requested for access should be directed to the Privacy Officer, whose contact details are set out below.

5. What to do if you would like more information about how we manage your personal information or wish to complain about a breach of your privacy

If you would like more information about the way we manage our personal information or are concerned that we may have breached your privacy and wish to make a complaint, please contact us by calling us on 0415747360 or by emailing us at info@downunderhomeloans.com.au

 6. Changes to our privacy policy

From time to time it may be necessary for us to review and revise our privacy policy. We reserve the right to change our privacy policy at any time. We may notify you of any change to our privacy policy by any means we choose including by email, by other electronic communication, by sending you a revised copy or by otherwise informing you that a revised copy of our privacy policy is available on request.