About this Privacy Policy
We are genuinely committed to protecting your privacy. Therefore, this policy outlines how Insolvency Advisory Centre (“IAC”) collects, manages, uses, and discloses personal information.
Information about us
IAC provides bankruptcy, insolvency and liquidation advisory services throughout Australia. As liquidators and trustees, the directors of IAC are also subject to the provisions of the Corporations Act 2001 and the Bankruptcy Act 1966 with respect to the collection, storage, and disclosure of personal information and the requirements of various professional associations.
What is Personal Information, and why do we collect it?
We collect and use personal information from different categories of individuals and businesses for several different purposes. Personal information is information or an opinion that identifies an individual.
Examples of Personal Information (non-exhaustive) we collect include:
- your name
- contact details (such as an address, telephone, or email)
- personal information where relevant (such as date of birth, gender, household information)
- occupation and employment details
- tax and financial records, bank statements
- other correspondence and advice
This Personal Information is obtained in many ways, including by being provided with information required under the law (such as information provided by a debtor in a statement of affairs), through questionnaires, interviews, examinations, correspondence, fax/email/telephone from publicly available sources and through third parties disclosing such information, either voluntarily or under compulsion of law.
Collection of Personal Information may be required or authorised by the Bankruptcy Act 1966 (Cth) and its associated Regulations, Rules and Schedules.
We collect your Personal Information for
- identifying or contacting you
- determining and assessing your debt management or insolvency options and providing you with financial services, financial solutions, budgeting, debt management options
- to obtain your authority to act as your agent, and
- so that we may comply with any obligation or duty that we may have in relation to the administration of bankruptcy matters and/or estates under the relevant Acts
We may also use your Personal Information for secondary purposes closely related to the primary purpose in circumstances where you would reasonably expect such use or disclosure. This includes any sensitive information as defined in the Privacy Act, with your consent or required or authorised by law.
Using and Disclosing of Personal Information
IAC will use your information for the following purposes and circumstances, which include but are not limited to:
- Providing an initial consult
- To fulfil any contractual obligations to you
- Third parties where you consent to the use or disclosure on your behalf
- Where required or authorised by law, for example, as required by the Australian Financial Security Authority or if it is required for reporting obligations under the Bankruptcy Act 1966 and its associated Regulations, Rules and Schedule.
- Where we must comply with our obligations and duties in administering bankrupt estates
- To send you any commercial communications
Third Parties
In some circumstances, we may be provided with information by third parties. In such a case, we will take reasonable steps to ensure that you are made aware of the information provided to us by the third party if that does not conflict or interfere with our obligations or duties under the law, including our obligations and duties in administering a bankrupt estate.
Security of Personal Information
Your Personal Information is stored in a manner that reasonably protects it from misuse and loss and from unauthorised access, modification or disclosure. All employees of IAC are bound to maintain the confidentiality of Personal Information collected for the purposes of administering services under the IAC. When your Personal Information is no longer needed for the purpose for which it was obtained, we will take reasonable steps to destroy or permanently de-identify your Personal Information. However, most of the Personal Information is stored in client files that we will keep for a minimum of 7 years. However, we cannot give any guarantees or warranties about the security of your information, and we will not be held liable for any loss or damage that you may suffer as a result of any unauthorised access to your information. We have no control over websites outside of our own sites, including third-party links that may appear on our website and are not responsible for any companies linked to our website. Before disclosing your personal information via any other website, we strongly recommend that you read the terms and conditions and the privacy policy of those websites.
Access to your Personal Information
You may access the Personal Information we hold about you and update and/or correct it, subject to certain exceptions in the APPs and in the law relating to bankruptcy. If you wish to access your Personal Information, please get in touch with us in writing, and we can arrange for the relevant changes to occur. To protect your Personal Information, we may require identification from you before releasing the requested information. We will endeavour to respond to your request within 14 business days. You may be charged a fee for access to this information.
Maintaining the Quality of your Personal Information
It is important to us that your Personal Information is up to date. We will take reasonable steps to ensure that your Personal Information is accurate, complete and up-to-date. If you find that the information we have is not up to date or inaccurate, please advise us as soon as practicable to update and correct our records.
Overseas Recipients
We do not routinely disclose Personal Information to overseas recipients. If required by law or if we have a duty or obligation to administer a bankrupt estate, we will do so. We will take such steps as are reasonable to ensure the overseas recipient either does not breach Australian Privacy Principles or is covered by a similar law or scheme.
Commercial Communications
In accordance with the terms of this policy, we may communicate with you to provide information about our products, support services, special offers, promotions or other matters that we believe may be of interest to you.
We will not send third party advertising information to you without first asking you whether you want to receive this information.
If you are receiving communications from us and no longer wish to receive these communications, please contact us and inform us that you want to unsubscribe.
Use of cookies
Cookies are pieces of text that are transferred into your computer’s memory to store preferences, record session information, and collect information on how you visit and access our website. The use of cookies can improve the efficiency of your website’s navigation and generally assist in our quest to provide services to you most conveniently and promptly. The cookies can be rejected or deleted by following the instructions for your browser to clear cookies. Our web server automatically collects IP addresses as part of demographic and profile data known as “traffic data” so that data (such as the Web pages you request) can be sent to you. Third-party vendors, including Google, show our ads on other websites on the internet. Third-party vendors, including Google, use cookies to serve ads based on a user’s prior visits to a website.
Users may opt out of Google’s cookies by visiting the Google advertising opt-out page at http://www.google.com/policies/technologies/ads/.
Changes to the Privacy Policy
We reserve the right to change, modify or amend our Privacy Policy at any time by updating this policy on our website or by other means without any other form of notice. If we believe that any change to our policy will materially affect our customers, we will provide notice of the change(s) that have occurred.
Privacy Policy Complaints and Enquiries
If you have any queries or complaints about our Privacy Policy, please get in touch with us at: Insolvency Advisory Centre Suite 7/100 Hay Street Subiaco, WA 6008 Email: info@Insolvencyac.com.au
Call: 08 6146 5377
We will consider, investigate and respond to any query or complaint regarding our privacy policy within 28 business days. If we cannot satisfactorily resolve your complaint, it may be referred to a recognised external dispute resolution scheme.
You can also contact the Office of the Australian Information Commissioner by visiting the following website and following the steps listed on the website: www.oaic.gov.au/privacy/privacy-complaints.