Volt Bank Limited ACN 622 375 722 (we, us, our) has prepared this notice for you. We are a member of the Volt Group of companies (Volt Group). You can contact us at email@example.com.
This notice sets out some information about how we manage your personal information. Personal information is information or an opinion about you or from which you can reasonably be identified.
- seek access to the personal information we hold about you;
- ask us to correct personal information we hold about you; and
- complain to us if we breach privacy laws or a privacy code binding us and how we will deal with that complaint.
Collecting personal information
We collect personal information about you when we take a record of that personal information.
We collect personal information about you only for Volt Group functions or activities like:
- supplying banking or other services to you;
- managing our commercial relationship with you; or
- promoting products and services to you.
If we do not collect personal information about you, we may not be able to provide you with our banking services. For example:
- the Anti-Money Laundering and Counter Terrorism Financing Act 2006 (Cth) requires us to identify you before we open an account for you; and
- the National Consumer Credit Protection Act 2009 (Cth) requires us to make enquiries about you, as an individual, to assess an application you make for a loan from us.
Why we collect personal information
We will collect personal information about you only if we reasonably need that information for our services, banking functions and activities. For example, we collect personal information about you so we can:
- help us to understand your banking requirements and develop our products and services;
- offer you our products or other products as they become available and that may be of interest to you;
- make products available to you at your request;
- improve the services and products we offer; and
- manage our arrangements with you efficiently.
How we collect personal information
Mostly, we collect personal information about you from you, like when you apply to open an account with us or obtain a loan from us. We may collect personal information about you from other sources, like when:
- you use our website; or
- if you apply for a loan from us, when we obtain a credit report about you to consider your loan application.
Sometimes, we collect personal information about you that is available publicly or from others who:
- act for you, like your broker or another person who refers you to us;
- check information you give us, like confirming your income with your employer;
- supply services (like identity verification or loan settlement services) to us;
- give us information to help us decide whether to make a product or service available to you (like credit reporting agencies and other credit providers); or
- help us manage our arrangements with you.
Unsolicited personal information
If we receive personal information about you that we did not request, we will consider whether we need that information for our banking functions and activities. If not, we will destroy that information or ensure it does not identify you.
Information about other people
If you tell us personal information about another person, we ask that you:
- tell that other person that you have done so; and
- invite that person to contact us to obtain this notice about how we manage their personal information.
We may use personal information about you to tell you about our products and services or products and services from our service partners that may be available to you.
You can ask us any time to stop sending you direct marketing information. When we email you with direct marketing, you can respond by clicking unsubscribe and we will stop sending you direct marketing. We do not charge you a fee for asking us to stop direct marketing.
Also, we will not call you with marketing offers if you are on the “Do Not Call” register. You can register on the “Do Not Call” register at www.donotcall.gov.au or by phoning 1300 792 958.
Disclosing personal information
We may exchange personal information about you with:
- other companies in the Volt Group;
- credit reporting bodies, if you apply for, guarantee or obtain a loan or any other credit product from us;
- any guarantors or possible guarantor of your obligations to us;
- suppliers that help us to conduct our business. Amongst other suppliers, that may include suppliers that help us to:
- understand your banking requirements;
- improve our products or services;
- verify identity;
- settle loans we make available;
- provide services to help us run our business;
- take appropriate action about suspected unlawful activity or serious misconduct; or
- take loan recovery action for us;
- your employer to verify employment related information you give us;
- other financial institutions;
- brokers that introduce you to us and any aggregator that supplies services to your broker;
- any person who refers you to us to obtain services from us;
- regulators or law enforcement bodies;
- dispute resolution bodies or services, to assist with resolving any complaint you make about our products or services or any dispute you may have with us;
- any entity that proposes to take an interest in our business or any of our loans or other assets. That may include entities that are involved in securitising any loan we made available to you; and
- any person at your request or with your consent.
Disclosing personal information overseas
Also, we may store information in the cloud or other networked systems. In that case, we may not be aware of the countries in which your information may be held.