A. SECTIONS APPLICABLE TO APPLICANT/S WHO ARE NATURAL PERSON/S Acknowledgment of Disclosure of Credit Information to a Credit Reporting Agency
I/We acknowledge that Section 18E (8)(c) of the Privacy Act and the New Zealand Privacy Act 1993 allows a credit provider(s) which the above-named Introducer may approach in arranging my/our finance (hereinafter the Approached Credit Provider), to give a credit reporting agency certain personal information about my/our application for finance. The Information that may be given to an agency is covered by Section 18E (1) of the Act and the New Zealand Privacy Act 1993 and Includes:
1. Such permitted particulars about me/us which allow me/us to be identified;
2. The fact that I/we have applied for finance and the amount;
3. The fact that the above-named credit provider is a current credit provider to me/us;
4. Payments which become overdue more than 60 days, and for which collection action has commenced;
5. Advice that payments are no longer overdue;
6. Cheques drawn by me/us which have been dishonored more than once;
7. In specified circumstances, that in the opinion of the above-named credit provider, I/we have committed a serious credit infringement;
8. That finance provided to me/us by the above-named credit provider has been paid or otherwise discharged.
By virtue of this declaration, I/we understand that the above-named introducer has informed me/us of the disclosure policy to a credit reporting agency of information about me/us by approached credit providers and so authorise such disclosures.
Agreement/Authority by Applicant/Customer for Credit Provider to perform certain permitted actions concerning a finance application or transaction I/We agree that, if it is considered relevant in assessing my/our application for personal credit, the Approached Credit Provider may obtain a report about my/our commercial activities or commercial credit worthiness from a business which provides information about the commercial credit worthiness of persons [Section 18L(4) and the New Zealand Privacy Act 1993]. I/We agree that, if it is considered relevant in assessing my/our application for commercial credit, the Approached Credit Provider may obtain from a credit reporting agency a credit report containing personal credit information about me/us [Section 18K(1)(b) and the New Zealand Privacy Act 1993]. I/We agree that the Approached Credit Provider may give to and seek from any credit providers named in the accompanying finance application and any credit providers 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 my/our personal or commercial credit arrangements;
I/We understand that this information can include any information about my/our credit worthiness, credit standing, credit history or credit capacity that credit providers are allowed to give or receive from each other under the Privacy Act [Section 18N(1)(b) and the New Zealand Privacy Act 1993]. Authorisation to Act on Behalf of Individuals
For the purposes of arranging the finance which is the subject of my/our application, the details of which appear below, I/we authorise the above-named introducer to obtain a report about my/our consumer or commercial credit worthiness from a credit reporting agency or a commercial credit reporting business or from a credit provider named in this application or referred to in such reports [Section 18N (1) (ga) and the New Zealand Privacy Act 1993].
I/We also authorise the above-named introducer to pass on the above-obtained reports to such credit providers as are appropriate, for their consideration of the application for finance.
I/We also authorise the above-named introducer to give and receive from such parties as are necessary to the arranging of the finance, such personal information about me/us which is necessary to such arrangement or subsequent management.
B. SECTION APPLICABLE TO GUARANTOR/S WHO ARE NATURAL PERSON/S
Guarantor Parties Agreement
I/We further agree that the Approached Credit Provider may give to and seek from any credit providers named in the finance application and any credit providers 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 my/our personal or commercial credit arrangements; I/we understand that this information can include any information about my/our credit worthiness, credit standing, credit history or credit capacity that credit providers are allowed to give or receive from each other under the Privacy Act and the New Zealand Privacy Act 1993.
C. SECTION APPLICABLE TO APPLICANT/S AND GUARANTOR/S WHO ARE NATURAL PERSONS
Acknowledgment by Applicant/Customer and/or Proposed Guarantor about the collection, recording, use and disclosure of personal information by the Approached Credit Provider
I/We, the Applicant/Customer and/or Proposed Guarantor, acknowledge that:
During the course of assessing the application for finance, the Approached Credit Provider will collect, record and securely store personal information about me/us; and Some of the personal information collected may be obtained from third parties including Credit Reporting Agencies, other credit providers, trade suppliers and public records; and Information about the identity, location and contact particulars of the Approached Credit Provider can be obtained from the above named Introducer Except in limited circumstances, I/we are able to access details of the personal information the Approached Credit Provider holds about me/us by sending a request, either via the above named Introducer or directly to the Approached Credit Provider.
The information is being collected primarily so that the Approached Credit Provider can consider the finance application; Without the information sought being collected, an Approached Credit Provider will be unable to process the application for finance;
D. OTHER ACKNOWLEDGEMENTS AND CONSENTS
You confirm where you first applied for credit orally, that the above consents were given at that time. You consent to Rostron Mortgages Pty Ltd exchanging information concerning your financial affairs with any person acting on your behalf including your agent, accountant, solicitor or broker.
You acknowledge that Rostron Mortgages Pty Ltd may exchange information with government authorities as required or authorized by law including the Australian Taxation Office.
You agree that Rostron Mortgages Pty Ltd may use your personal information for marketing purposes to tell you about other related services and products which could suit your needs.
If you do not want this to happen, please tick this box.
You acknowledge that the above authorities and consents will continue until the credit facility provided is repaid in full and the credit facility terminated.
AUTHORISATION TO PROVIDE PERSONAL INFORMATION TO A THIRD PARTY
Third Party (Introducer)
I/We agree that the Third Party Introducer that is introducing me to the Broker and Contractors may disclose some personal information to the Broker which it has received about me/us relating to the progress and ultimate decision by the approached credit and/or insurance providers on my finance and/or insurance application subject to the provisions of the Privacy Act.
This may also include;
1. The type of facilities which are being considered and/or offered by the Approached Credit and/or insurance providers.
2. The actual decision on the applications by the Approached Credit and/or Insurance Providers.
3. The reasons supporting any decisions made by the approached credit and/or insurance providers, including such personal information that may have been obtained by the Third Party Introducer, contractors and/or the approached credit and/or insurance providers that has, in the opinion of the Third Party Introducer or Contractors, had any influence on the decision made by the Providers.
In providing this authority, I/we acknowledge that the Broker and Contractors have no control over the personal information once it has been passed to the Third Party Introducer, and consequently cannot be held responsible or liable in any way for the use or misuse of the information by the Third Party Introducer or any of its representatives, employees or agents.