LoanKit Privacy Policy
LoanKit abides by the Privacy Policy of its aggregator outlined in its various Policy statements. LoanKit expects all of its members to also abide by this policy.
From 21 December 2001, LoanKit came within the private sector provisions of the Privacy Act 1988. In accordance with the Principal 5 of the Privacy Act, this statement sets out in general terms how LoanKit handles personal information.
LoanKit respects the privacy of your personal information and that of your clients.
LoanKit is bound by the 10 National Privacy Principles in the Privacy Act and has issued a policy to its members on member's privacy obligations.
Use and disclosure of personal information
LoanKit maintains a database of its members, for the purpose of tracking and making payments of
members' commissions. Details from this database may be released to relevant banks and to the Aggregator in order to administer the commission system.
LoanKit collects personal information about its member's clients, in order to provide software services to its members and track and make payment of members' commissions relating to those clients. Clients' details are not generally disclosed outside LoanKit.
Rights of Access
Any personal information held by LoanKit can be accessed in accordance with Principal 6 of the Privacy Act. Because our members may hold more client personal information than is supplied to us, clients may be referred to the LoanKit member who dealt with the application, in some cases.
To exercise your rights of access, for more information on how we handle personal information, or to make a complaint about a breach of privacy by LoanKit, please contact our compliance officer on (02) 8907 0444.
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