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Privacy Statement

Pakk Financial

We need to collect personal information about you to provide you with our broking & related services. This privacy statement tells you how we collect your information, what we use the information for and who we share the information with. If we collect information that can be used to identify you, we will take reasonable steps to notify you of that collection.

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How information is collected from you

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We will collect your information from you directly whenever we can, like from enquiries we make of you when you seek credit assistance from us. We may verify that information from sources referred to in the responses to those enquiries or in this privacy statement.

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How information is collected from other sources

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Sometimes we will collect information about you from other sources as the Privacy Act 1988 permits. We will do this only if it’s reasonably necessary to do so, for example, where:

  • we collect information from third parties about a loan or lease in relation to which you seek our services;

  • we can’t get hold of you and we rely on public information (for example, from public registers or social media) or made available by third parties to update your contact details; or

  • we exchange information with your legal or financial advisers or other representatives.

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When the law authorises or requires collection of information

Some law may require us to collect personal information about you. For example, we may require your information to verify your identity under Australian Anti-Money Laundering law.

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How your information may be used


We may use your information for purposes including:

  • giving you credit assistance;

  • giving you information about loan products or related services including help, guidance and advice;

  • considering whether you are eligible for a loan or lease or any related service you requested including identifying or verifying you or your authority to act on behalf of a customer;

  • assisting you to prepare an application for a lease or a loan;

  • administering services we provide, for example, to answer requests or deal with complaints;

  • administering payments we receive, or any payments we make, relating to your loan or lease;

  • telling you about other products or services we make available and that may be of interest to you, unless you tell us not to;

  • telling you about other suppliers, with whom we have arrangements, that supply goods or services that may be of interest to you;

  • identifying opportunities to improve our service to you and improving our service to you;

  • allowing us to run our business efficiently and perform general administrative tasks;

  • preventing or investigating any fraud or crime or any suspected fraud or crime;

  • as required by law, regulation or codes binding us; and

  • any purpose to which you have consented.

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You can let us know at any time if you no longer wish to receive direct marketing offers from us. We will process your request as soon as practicable.

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What happens if you don’t provide information

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If you don’t provide your information to us, it may not be possible to:

  • assist in finding a loan or lease relevant to your circumstances;

  • verify your identity or protect against fraud; or

  • let you know about products or services that might be suitable for your financial needs.

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Sharing Your Information

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General


We may use and share your information with other organisations for any purpose described above.

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Sharing with your representatives and referees


We may share your information with:

  • your representative or any person acting on your behalf (for example, lawyers, settlement agents, accountants or real estate agents); and

  • your referees, like your employer, to confirm details about you.

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Sharing with third parties

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We may share your information with third parties in relation to services we provide to you or goods or services in which we reasonably consider you may be interested. Those third parties may include:

  • the Broker Group through whom we may submit loan or lease applications to lenders or lessors on the Broker Group’s panel. You can view our Broker Group’s privacy notice at www.lmg.broker/consumer-privacy. It sets out how that Broker Group manages your personal information and where you can find its privacy policy;

  • the Licensee, BLSSA Pty Ltd, that authorises us to engage in credit activities. You can view BLSSA’s privacy notice at the same internet address as our Broker Group’s privacy notice. It sets out how BLSSA manages your personal information and where you can find its privacy policy;

  • referrers that referred your business to us;

  • financial services suppliers with whom we have arrangements;

  • valuers;

  • lenders, lessors, lender’s mortgage insurers and other loan or lease intermediaries;

  • organisations, like fraud reporting agencies, that may identify, investigate and/or prevent fraud, suspected fraud, crimes, suspected crimes, or other misconduct;

  • government or regulatory bodies as required or authorised by law. In some instances, these bodies may share the information with relevant foreign authorities;

  • guarantors and prospective guarantors of your loan or lease;

  • service providers, agents, contractors and advisers that assist us to conduct our business for purposes including, without limitation, storing or analysing information;

  • any organisation that wishes to take an interest in our business or assets; and

  • any third party to which you consent to us sharing your information.

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Sharing outside of Australia

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We may disclose personal information to our franchisor’s related bodies corporate, our related bodies corporate and third party suppliers and service providers located overseas for some of the purposes listed above. Your personal information may be stored in the cloud in an overseas country. In the event that a disclosure is made in that overseas country (which we consider unlikely), the information will not be protected by the Australian Privacy Principles. In any event, by providing your details, you consent to your information being disclosed in this manner.

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Privacy Policy

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You can find out more about how we manage your information by reading our Privacy Policy available by contacting us. Please see our contact details above. Our Privacy Policy sets out how you can ask us to access and seek to correct information we hold about you and how you may complain against us about a privacy issue.

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Information about other people

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If you give information to us about another person (like your co-applicant) in relation to the services we provide, you will let that other person know that:

  • we have collected their information to provide those services or for any other purpose set out in this privacy notice;

  • we may exchange this information with other organisations set out in this privacy notice;

  • we handle their personal information in the way set out in our Privacy Policy and this privacy notice and they can:
    – access or request a copy of that privacy policy or this privacy notice; or
    – access the information we hold about that other person,

  • by using our contact details above; and

  • we may not be able to provide those services to you unless we obtain their information.

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