Privacy Policy

for IB ASSET FINANCE SERVICES

Effective Date: January 2025

This Privacy Policy outlines how IB FIN PTY LTD T/AS IB ASSET FINANCE SERVICES (ABN 90 678 815 097) and its related entities (“we”, “our”, or “us”) collect, use, store, and disclose personal and credit information in accordance with Australia’s privacy and credit reporting laws. By using our services, you consent to the practices outlined in this Privacy Policy.

  1. Collection of Personal and Credit Information

We collect personal and credit information to assist in assessing your eligibility for financial products and services, and to provide the best recommendations. The information we collect may include:

  • Personal Information: This includes details that identify you, such as your full name, date of birth, mobile phone number, email address, address history, and employment information.
  • Credit Information: This refers to your financial and credit history, including details of any loans, credit facilities, or credit cards you have had or currently hold. We may also obtain a credit report from a credit reporting body (CRB) to aid in our assessments.
  1. Use and Disclosure of Your Information

We use the personal and credit information we collect to:

  • Assess your application for credit, finance, insurance, vehicle sourcing, and/or salary packaging services.
  • Refer you to appropriate credit providers, insurers, or other third parties that may assist in fulfilling your financial needs.
  • Fulfill our obligations under Australian laws and regulations.

We may disclose your information to:

  • Credit Reporting Bodies (CRBs): To obtain and provide information related to your creditworthiness.
  • Credit Providers: To apply for credit on your behalf.
  • Insurance Providers: To obtain quotes and apply for insurance.
  • Salary Packaging Providers: To refer you for specialized services.
  • Vehicle Sourcing Agents: To assist in sourcing vehicles.
  • Third-party Contractors and Service Providers: Who assist us in providing services to you (e.g., contractors, agents, document custodians).

We may also collect information about you from third parties, such as your current or past credit providers, accountants, employers, landlords, or property agents.

  1. Third Party Disclosures

We may disclose your personal and credit information to the following parties:

  • Credit Providers: To process your application for credit and to assess your creditworthiness.
  • Insurers: For the purpose of obtaining quotes or policies.
  • Salary Packaging Providers: To refer you to specialized services.
  • Vehicle Sourcing Agents: For sourcing vehicles.
  • Other Third Parties: For purposes reasonably necessary to assist in obtaining the finance or services you require.
  1. Your Rights

You have the right to:

  • Request access to the personal and credit information we hold about you.
  • Request corrections to any inaccurate or incomplete information.
  • Ask us to provide copies of our Privacy Policy and this Privacy Policy document in a format that suits you (e.g., hard copy or email).
  • Request that your information not be used for direct marketing purposes.
  • Request that a CRB not undertake pre-screening for direct marketing purposes.
  • Request that a CRB not release information about you if you believe you are a victim of fraud.
  1. Consent and Acknowledgment

By using our services, you consent to the collection, use, and disclosure of your information in accordance with this Privacy Policy and the consent outlined in our Privacy Disclosure Statement.

You further consent to:

  • The use of your personal and credit information by us and the credit providers listed in the schedule, to assess your credit application and any other relevant applications.
  • The disclosure of your personal and credit information to CRBs and other third parties as required by law or as necessary for the provision of the services requested.
  1. Security of Your Information

We take the security of your information seriously and employ reasonable measures to protect it from unauthorized access, disclosure, or misuse. However, no data transmission over the internet can be guaranteed as 100% secure.

  1. Changes to this Privacy Policy

We may update this Privacy Policy from time to time. Any changes will be posted on our website with the updated date. It is your responsibility to review this policy periodically to stay informed about how we are protecting your information.

  1. Contact Us

If you have any questions about this Privacy Policy or wish to exercise your rights regarding your personal information, please contact us at:

IB ASSET FINANCE SERVICES
Email: enquiries@IBfin.com.au
Website: www.IBfin.com.au